Ladder Capital Corp (LADR) Major Shareholder Gi Partners Fund Iii Lp Sells 2,000,000 Shares
Ladder Capital Corp (NASDAQ:LADR) major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total value of $27,100,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Ladder Capital Corp (LADR) traded up 0.58% during mid-day trading on Thursday, reaching $13.82. The company had a trading volume of 696,587 shares. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53. The stock has a 50 day moving average price of $13.61 and a 200 day moving average price of $13.90. The firm has a market capitalization of $1.19 billion and a PE ratio of 12.08.
Ladder Capital Corp (NASDAQ:LADR) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.11. The firm had revenue of $52.10 million for the quarter, compared to analyst estimates of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. On average, equities analysts forecast that Ladder Capital Corp will post $1.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were given a $0.30 dividend. The ex-dividend date was Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.68%.
Several analysts recently commented on the company. Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Monday, September 4th. BidaskClub upgraded Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 target price on shares of Ladder Capital Corp in a report on Friday, September 22nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $15.75.
Hedge funds have recently modified their holdings of the company. Stifel Financial Corp bought a new stake in shares of Ladder Capital Corp in the 1st quarter worth approximately $1,449,000. SG Americas Securities LLC bought a new stake in shares of Ladder Capital Corp in the 1st quarter worth approximately $110,000. Marathon Asset Management LP grew its position in shares of Ladder Capital Corp by 40.5% in the 1st quarter. Marathon Asset Management LP now owns 283,064 shares of the real estate investment trust’s stock worth $4,087,000 after buying an additional 81,589 shares during the last quarter. FMR LLC grew its position in shares of Ladder Capital Corp by 37.6% in the 1st quarter. FMR LLC now owns 3,109,299 shares of the real estate investment trust’s stock worth $44,899,000 after buying an additional 850,281 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Ladder Capital Corp by 2.9% in the 1st quarter. Neuberger Berman Group LLC now owns 117,452 shares of the real estate investment trust’s stock worth $1,696,000 after buying an additional 3,354 shares during the last quarter.
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).
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