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.

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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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