Ladder Capital (NYSE:LADR) President Pamela Mccormack bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was purchased at an average cost of $14.88 per share, for a total transaction of $148,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE LADR opened at $15.41 on Friday. The company has a current ratio of 101.06, a quick ratio of 101.06 and a debt-to-equity ratio of 3.08. The stock has a market cap of $1.68 billion, a PE ratio of 11.33, a P/E/G ratio of 1.91 and a beta of 0.91. Ladder Capital has a 52 week low of $12.82 and a 52 week high of $15.41.
Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). The company had revenue of $126.10 million for 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%. research analysts expect that Ladder Capital will post 1.58 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. bought a new stake in Ladder Capital during the 1st quarter valued at approximately $130,000. Kassirer Asset Management Corp bought a new stake in Ladder Capital during the 1st quarter valued at approximately $151,000. Amalgamated Bank bought a new stake in Ladder Capital during the 4th quarter valued at approximately $144,000. Signition LP bought a new stake in Ladder Capital during the 1st quarter valued at approximately $163,000. Finally, Summit Securities Group LLC bought a new stake in Ladder Capital during the 1st quarter valued at approximately $166,000. 49.99% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on LADR shares. 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 Saturday, January 20th. Bank of America increased their price objective on Ladder Capital from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday, March 19th. ValuEngine lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 18th. Raymond James began coverage on Ladder Capital in a report on Tuesday, March 27th. They set a “strong-buy” rating and a $17.50 price objective on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.50 price objective on shares of Ladder Capital in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Ladder Capital has an average rating of “Buy” and an average price target of $16.92.
Ladder Capital Company Profile
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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