Ladder Capital Corp (LADR) CEO Purchases $134,100.00 in Stock
Ladder Capital Corp (NASDAQ:LADR) CEO Brian Harris acquired 10,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $13.41 per share, with a total value of $134,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 544,558 shares in the company, valued at approximately $7,302,522.78. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Ladder Capital Corp (LADR) opened at 13.60 on Friday. The stock’s 50 day moving average price is $13.34 and its 200 day moving average price is $14.02. The firm has a market capitalization of $1.17 billion and a price-to-earnings ratio of 11.89. Ladder Capital Corp has a 52-week low of $12.14 and a 52-week high of $15.53.
Ladder Capital Corp (NASDAQ:LADR) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.11. The company had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. Ladder Capital Corp’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. On average, equities analysts anticipate that Ladder Capital Corp will post $1.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend is Friday, September 8th.
Several analysts have weighed in on LADR shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.00 price objective on shares of Ladder Capital Corp in a report on Friday, August 18th. Zacks Investment Research raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ladder Capital Corp has an average rating of “Buy” and a consensus price target of $15.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in Ladder Capital Corp by 3.6% in the first quarter. Ameriprise Financial Inc. now owns 1,358,428 shares of the real estate investment trust’s stock worth $19,616,000 after buying an additional 47,631 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Ladder Capital Corp by 0.7% in the first quarter. UBS Asset Management Americas Inc. now owns 13,196 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 98 shares during the last quarter. Yorktown Management & Research Co Inc raised its position in Ladder Capital Corp by 148.4% in the first quarter. Yorktown Management & Research Co Inc now owns 360,200 shares of the real estate investment trust’s stock worth $5,201,000 after buying an additional 215,200 shares during the last quarter. Bank of New York Mellon Corp raised its position in Ladder Capital Corp by 26.5% in the first quarter. Bank of New York Mellon Corp now owns 231,823 shares of the real estate investment trust’s stock worth $3,348,000 after buying an additional 48,524 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Ladder Capital Corp by 92.8% in the first quarter. First Trust Advisors LP now owns 82,457 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 39,688 shares during the last quarter.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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