Ladder Capital Corp (LADR) Shares Bought by Ares Management LLC
Ares Management LLC raised its holdings in Ladder Capital Corp (NASDAQ:LADR) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,460 shares of the real estate investment trust’s stock after buying an additional 2,300 shares during the period. Ares Management LLC owned about 0.33% of Ladder Capital Corp worth $3,787,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Ladder Capital Corp by 61.9% in the second quarter. Royal Bank of Canada now owns 57,973 shares of the real estate investment trust’s stock valued at $778,000 after purchasing an additional 22,162 shares during the period. Goldman Sachs Group Inc. increased its position in Ladder Capital Corp by 21.2% during the second quarter. Goldman Sachs Group Inc. now owns 145,217 shares of the real estate investment trust’s stock worth $1,947,000 after acquiring an additional 25,382 shares during the period. Balyasny Asset Management LLC acquired a new stake in Ladder Capital Corp in the 2nd quarter worth about $4,188,000. QS Investors LLC raised its stake in Ladder Capital Corp by 22.6% in the 2nd quarter. QS Investors LLC now owns 197,064 shares of the real estate investment trust’s stock worth $2,643,000 after purchasing an additional 36,283 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Ladder Capital Corp by 148.8% in the 2nd quarter. Voya Investment Management LLC now owns 31,133 shares of the real estate investment trust’s stock worth $417,000 after purchasing an additional 18,618 shares in the last quarter.
In other Ladder Capital Corp news, CEO Brian Harris acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $13.41 per share, with a total value of $134,100.00. Following the completion of the acquisition, the chief executive officer now owns 544,558 shares in the company, valued at approximately $7,302,522.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Ladder Capital Corp (LADR) traded down 0.253% during mid-day trading on Wednesday, hitting $13.815. The stock had a trading volume of 372,777 shares. The stock’s 50-day moving average price is $13.58 and its 200-day moving average price is $13.92. Ladder Capital Corp has a 52-week low of $12.14 and a 52-week high of $15.53. The firm has a market cap of $1.19 billion and a PE ratio of 12.076.
Ladder Capital Corp (NASDAQ:LADR) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. The business had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The business’s revenue for the quarter 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. On average, analysts anticipate that Ladder Capital Corp will post $1.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $1.20 annualized dividend and a dividend yield of 8.66%.
Several brokerages have weighed in on LADR. Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Monday, September 4th. BidaskClub raised shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.00 price objective on shares of Ladder Capital Corp in a research note on Friday, September 22nd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Ladder Capital Corp presently has an average rating of “Buy” and a consensus 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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