Evercore Wealth Management LLC purchased a new stake in Ladder Capital Corp (NASDAQ:LADR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $134,000.

A number of other large investors also recently added to or reduced their stakes in LADR. SG Americas Securities LLC bought a new stake in Ladder Capital Corp in the first quarter valued at $110,000. BNP Paribas Arbitrage SA boosted its holdings in Ladder Capital Corp by 833.1% in the second 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 in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Ladder Capital Corp by 0.8% in the first 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 in the last quarter. Legal & General Group Plc boosted its holdings in Ladder Capital Corp by 6.7% in the first 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 in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Ladder Capital Corp in the second quarter valued at $156,000.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. 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, September 22nd. Finally, BidaskClub upgraded shares of 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 issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.75.

Shares of Ladder Capital Corp (LADR) opened at 13.78 on Friday. The stock’s 50 day moving average is $13.52 and its 200-day moving average is $13.96. The company has a market cap of $1.19 billion and a PE ratio of 12.05. Ladder Capital Corp has a one year low of $12.14 and a one year high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $52.10 million for the quarter, compared to the consensus estimate of $76.60 million. During the same quarter in the prior year, the company earned $0.32 EPS. The business’s revenue was up 32.9% compared to the same quarter last year. Equities research analysts expect that Ladder Capital Corp will post $1.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend is Friday, September 8th.

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In other news, CEO Brian Harris purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $13.41 per share, with a total value of $134,100.00. Following the transaction, 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 SEC, which is available through the SEC website.

Ladder Capital Corp 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).

Institutional Ownership by Quarter for Ladder Capital Corp (NASDAQ:LADR)

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