Brian Harris Acquires 10,000 Shares of Ladder Capital Corp (LADR) Stock
Ladder Capital Corp (NASDAQ:LADR) CEO Brian Harris purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $13.41 per share, for a total transaction of $134,100.00. Following the acquisition, the chief executive officer now owns 544,558 shares of the company’s stock, valued at $7,302,522.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Ladder Capital Corp (LADR) remained flat at $13.49 during trading on Tuesday. 333,029 shares of the stock were exchanged. The firm has a market capitalization of $1.16 billion and a price-to-earnings ratio of 11.79. Ladder Capital Corp has a 52-week low of $12.14 and a 52-week high of $15.53. The stock has a 50-day moving average of $13.33 and a 200 day moving average of $14.03.
Ladder Capital Corp (NASDAQ:LADR) last released its quarterly earnings results 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 firm had revenue of $52.10 million for the quarter, compared to analyst estimates of $76.60 million. During the same quarter in the previous year, the company posted $0.32 EPS. The business’s revenue was up 32.9% on a year-over-year basis. Equities analysts expect that Ladder Capital Corp will post $1.43 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake 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 period. UBS Asset Management Americas Inc. raised its stake 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 period. Yorktown Management & Research Co Inc raised its stake 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 period. Bank of New York Mellon Corp raised its stake 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 period. Finally, First Trust Advisors LP raised its stake 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 period.
LADR has been the topic of several recent research reports. Zacks Investment Research upgraded Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price target on shares of Ladder Capital Corp in a report on Friday. Two investment 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.
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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