Ladder Capital Corp (NASDAQ:LADR) major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total value of $27,100,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Ladder Capital Corp (NASDAQ:LADR) traded down 0.29% during trading on Friday, reaching $13.78. The company had a trading volume of 249,461 shares. Ladder Capital Corp has a 12 month low of $12.14 and a 12 month high of $15.53. The stock has a market capitalization of $1.19 billion and a PE ratio of 12.05. The stock’s 50-day moving average price is $13.62 and its 200-day moving average price is $13.90.
Ladder Capital Corp (NASDAQ:LADR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The company had revenue of $52.10 million during the quarter, compared to the consensus estimate of $76.60 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. Equities analysts forecast that Ladder Capital Corp will post $1.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.68%.
Several large investors have recently made changes to their positions in LADR. SG Americas Securities LLC acquired a new stake in shares of Ladder Capital Corp during the 1st quarter valued at $110,000. Evercore Wealth Management LLC acquired a new stake in shares of Ladder Capital Corp during the 2nd quarter valued at $134,000. BNP Paribas Arbitrage SA lifted its position in shares of Ladder Capital Corp by 833.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 9,106 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Ladder Capital Corp by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 75 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Ladder Capital Corp by 6.7% during the 1st quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 649 shares during the last quarter.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Monday, September 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $16.00 price objective on shares of Ladder Capital Corp in a report on Friday, September 22nd. Finally, BidaskClub raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.75.
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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