Keefe Bruyette lowered the firm's price target on Ladder Capital to $11.50 from $12 and keeps an Outperform rating on the shares. The firm reduced Ladder's 2026 and 2027 earnings estimates to reflect the timing of new originations and modestly lower loan yields. However, Keefe expects the company's earnings o sequentially improve, resulting in dividend increases in the second half of 2026 and in 2027.
