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Keefe Bruyette Cuts LADR Target to $11.50, Expects Dividend Growth Ahead

Ladder Capital Corp (NYSE:LADR) is included among the 14 Under-the-Radar High Dividend Stocks to Buy Now.

Photo by nathan dumlao on Unsplash

On March 17, Keefe Bruyette lowered its price recommendation on Ladder Capital Corp (NYSE:LADR) to $11.50 from $12. It reiterated an Outperform rating on the shares. The firm reduced its 2026 and 2027 earnings estimates, pointing to the timing of new originations and slightly lower loan yields. Even so, it expects earnings to improve sequentially, which could support dividend increases in the second half of 2026 and into 2027.

On February 23, the company said it had secured $675 million in new unsecured capital commitments. This includes a $400 million expansion of its unsecured revolving credit facility, bringing total capacity to $1.25 billion, along with a new unsecured delayed draw term loan facility of up to $275 million. The increase in the revolving credit facility fully uses the “accordion” feature tied to that facility. The amended credit agreement also allows for additional term loan issuances of up to $500 million under a separate “accordion” feature.

The expanded revolving credit facility gives the company same-day access to capital at a cost of 125 basis points over SOFR. The $275 million delayed draw term loan is priced at 140 basis points over SOFR, with a fully extended maturity of February 20, 2030. It also includes pricing step-downs tied to credit rating upgrades and a draw period through February 20, 2027.

Ladder Capital Corp (NYSE:LADR) operates as an internally managed commercial real estate investment trust. Its business is organized across loans, securities, and real estate segments. The loans segment includes mortgage loans held for investment on the balance sheet and loans held for sale through its conduit platform.

While we acknowledge the risk and potential of LADR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LADR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 14 High Growth Dividend Paying Stocks to Invest In Now

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