Global X Management Co. LLC Increases Position in Ladder Capital Corp (LADR)
Global X Management Co. LLC raised its position in shares of Ladder Capital Corp (NASDAQ:LADR) by 4.8% during the second quarter, Holdings Channel reports. The fund owned 653,546 shares of the real estate investment trust’s stock after buying an additional 29,722 shares during the period. Global X Management Co. LLC’s holdings in Ladder Capital Corp were worth $8,764,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. FMR LLC boosted its stake in shares of Ladder Capital Corp by 37.6% in the first quarter. FMR LLC now owns 3,109,299 shares of the real estate investment trust’s stock worth $44,899,000 after buying an additional 850,281 shares during the last quarter. UBS Group AG boosted its stake in shares of Ladder Capital Corp by 96.2% in the first quarter. UBS Group AG now owns 1,259,701 shares of the real estate investment trust’s stock worth $18,190,000 after buying an additional 617,751 shares during the last quarter. Advisors Capital Management LLC boosted its stake in shares of Ladder Capital Corp by 68.0% in the second quarter. Advisors Capital Management LLC now owns 777,510 shares of the real estate investment trust’s stock worth $10,426,000 after buying an additional 314,738 shares during the last quarter. Jana Partners LLC acquired a new stake in shares of Ladder Capital Corp during the first quarter worth approximately $4,332,000. Finally, Yorktown Management & Research Co Inc boosted its stake in shares of 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.
Ladder Capital Corp (LADR) opened at 13.51 on Friday. The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of 11.81. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53. The firm has a 50-day moving average of $13.35 and a 200-day moving average of $14.04.
Ladder Capital Corp (NASDAQ:LADR) last released its 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. The firm had revenue of $52.10 million for the quarter, compared to analyst estimates of $76.60 million. Ladder Capital Corp had a return on equity of 5.35% and a net margin of 22.29%. Ladder Capital Corp’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. Equities research analysts forecast that Ladder Capital Corp will post $1.41 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research raised shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $15.67.
About Ladder Capital Corp
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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