Bank of America Securities Sticks to Their Hold Rating for Ladder Capital (LADR)
Bank of America Securities analyst Derek Hewett reiterated a Hold rating on Ladder Capital yesterday and set a price target of $11.50. The company’s shares closed yesterday at $10.93.
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According to TipRanks, Hewett is a 3-star analyst with an average return of 4.2% and a 54.10% success rate. Hewett covers the Financial sector, focusing on stocks such as Blackstone Secured Lending Fund, New Mountain Finance, and Barings BDC.
Ladder Capital has an analyst consensus of Strong Buy, with a price target consensus of $12.50.
The company has a one-year high of $12.10 and a one-year low of $9.68. Currently, Ladder Capital has an average volume of 671.7K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LADR in relation to earlier this year.
