Ladder Capital (NYSE:LADR) hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $15.46 and last traded at $15.40, with a volume of 28623 shares trading hands. The stock had previously closed at $15.36.
A number of equities research analysts recently issued reports on LADR shares. ValuEngine lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 18th. B. Riley reissued a “buy” rating and issued a $16.00 target price on shares of Ladder Capital in a research report on Wednesday, April 18th. Bank of America lifted their target price on Ladder Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, March 19th. Zacks Investment Research raised Ladder Capital from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, March 13th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.50 target price on shares of Ladder Capital in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.92.
The stock has a market cap of $1.71 billion, a PE ratio of 11.30, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 3.08, a current ratio of 101.06 and a quick ratio of 101.06.
Ladder Capital (NYSE:LADR) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). The firm had revenue of $126.10 million during the quarter, compared to analyst estimates of $71.78 million. Ladder Capital had a net margin of 24.95% and a return on equity of 12.40%. equities research analysts anticipate that Ladder Capital will post 1.58 earnings per share for the current year.
In related news, insider Thomas Harney purchased 3,500 shares of the stock in a transaction on Wednesday, May 16th. The shares were purchased at an average price of $15.02 per share, with a total value of $52,570.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Pamela Mccormack purchased 10,000 shares of the stock in a transaction on Tuesday, May 15th. The shares were bought at an average cost of $14.88 per share, for a total transaction of $148,800.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 31,000 shares of company stock worth $451,970 in the last ninety days. Insiders own 12.80% of the company’s stock.
Several large investors have recently bought and sold shares of the business. Citadel Advisors LLC increased its position in shares of Ladder Capital by 1,171.1% during the 1st quarter. Citadel Advisors LLC now owns 2,318,815 shares of the real estate investment trust’s stock worth $34,968,000 after purchasing an additional 2,136,382 shares during the last quarter. Indaba Capital Management L.P. acquired a new position in shares of Ladder Capital during the 1st quarter worth approximately $34,685,000. UBS Group AG increased its position in shares of Ladder Capital by 13.7% during the 1st quarter. UBS Group AG now owns 2,223,967 shares of the real estate investment trust’s stock worth $33,538,000 after purchasing an additional 267,731 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Ladder Capital during the 4th quarter worth approximately $21,314,000. Finally, Russell Investments Group Ltd. increased its position in shares of Ladder Capital by 32.5% during the 1st quarter. Russell Investments Group Ltd. now owns 956,822 shares of the real estate investment trust’s stock worth $14,428,000 after purchasing an additional 234,752 shares during the last quarter. 61.29% of the stock is currently owned by hedge funds and other institutional investors.
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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