Kassirer Asset Management Corp bought a new stake in Ladder Capital (NYSE:LADR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $151,000.
Other large investors have also recently modified their holdings of the company. Amalgamated Bank acquired a new stake in Ladder Capital in the 4th quarter valued at about $144,000. Summit Securities Group LLC acquired a new stake in Ladder Capital during the first quarter worth approximately $166,000. Focused Wealth Management Inc acquired a new stake in Ladder Capital during the fourth quarter worth approximately $176,000. SG Americas Securities LLC acquired a new stake in Ladder Capital during the first quarter worth approximately $187,000. Finally, Stockman Wealth Management Inc. acquired a new stake in Ladder Capital during the fourth quarter worth approximately $210,000. Institutional investors and hedge funds own 49.99% of the company’s stock.
In other Ladder Capital news, Chairman Alan H. Fishman bought 17,500 shares of the stock in a transaction dated Monday, May 7th. The shares were bought at an average cost of $14.32 per share, with a total value of $250,600.00. Following the completion of the acquisition, the chairman now owns 100,710 shares of the company’s stock, valued at $1,442,167.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.80% of the stock is currently owned by company insiders.
Several brokerages have issued reports on LADR. ValuEngine upgraded shares of Ladder Capital from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Deutsche Bank raised their price objective on shares of Ladder Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. B. Riley restated a “buy” rating and set a $16.00 price objective on shares of Ladder Capital in a research report on Wednesday, April 18th. Finally, Raymond James began coverage on shares of Ladder Capital in a research report on Tuesday, March 27th. They set a “strong-buy” rating and a $17.50 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ladder Capital currently has a consensus rating of “Buy” and an average target price of $16.92.
Shares of Ladder Capital opened at $15.02 on Thursday, according to Marketbeat. Ladder Capital has a 12 month low of $14.93 and a 12 month high of $15.01. The company has a market cap of $1.67 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 2.15 and a beta of 0.91. The company has a current ratio of 101.06, a quick ratio of 101.06 and a debt-to-equity ratio of 3.08.
Ladder Capital (NYSE:LADR) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). Ladder Capital had a return on equity of 12.40% and a net margin of 24.95%. The business had revenue of $126.10 million for the quarter, compared to the consensus estimate of $71.78 million. equities analysts predict that Ladder Capital will post 1.39 EPS for the current year.
About Ladder Capital
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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