Omers Administration Corp

disclosed that they own 6.1% of Ladder Capital Corp (NASDAQ:LADR) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, August 23rd. The investor owns 5,261,553 shares of the stock valued at about $70,978,350. The reporting parties listed on the disclosure included OCP LCF Holdings Inc EIN: 980591884 and OMERS Administration Corporation EIN: 980510778. The disclosure is available through the SEC website at this hyperlink.

Omers Administration Corp

provided the following explanation of their ownership:

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A number of other hedge funds also recently modified their holdings of LADR. BlackRock Inc. raised its position in Ladder Capital Corp by 44.3% in the second quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock valued at $95,416,000 after buying an additional 2,183,991 shares during the last quarter. FMR LLC raised its position in 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 valued at $44,899,000 after buying an additional 850,281 shares during the last quarter. Vanguard Group Inc. raised its position in Ladder Capital Corp by 14.3% in the second quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock valued at $76,459,000 after buying an additional 712,583 shares during the last quarter. Global X Management Co. LLC acquired a new position in Ladder Capital Corp during the first quarter valued at about $9,008,000. Finally, UBS Group AG raised its position in 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 valued at $18,190,000 after buying an additional 617,751 shares during the last quarter.

Shares of Ladder Capital Corp (NASDAQ:LADR) traded up 0.44% during midday trading on Wednesday, hitting $13.55. 388,937 shares of the company traded hands. The stock has a market capitalization of $1.17 billion and a P/E ratio of 11.84. Ladder Capital Corp has a 52 week low of $12.14 and a 52 week high of $15.53. The company has a 50-day moving average price of $13.33 and a 200-day moving average price of $14.03.

Ladder Capital Corp (NASDAQ:LADR) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.31 by $0.11. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The company had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s revenue was up 32.9% on a year-over-year basis. Analysts anticipate that Ladder Capital Corp will post $1.43 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on LADR. Zacks Investment Research lowered 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 set a $16.00 target price on shares of Ladder Capital Corp in a report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.67.

In other news, CEO Brian Harris purchased 10,000 shares of the stock in a transaction on Monday, August 21st. The stock was bought 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 directly owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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).

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

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