Buckhead Capital Management LLC decreased its position in Ladder Capital Corp (NASDAQ:LADR) by 19.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,740 shares of the company’s stock after selling 46,679 shares during the period. Buckhead Capital Management LLC’s holdings in Ladder Capital Corp were worth $2,578,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new position in Ladder Capital Corp during the second quarter worth $143,000. BlackRock Group LTD raised its position in Ladder Capital Corp by 7.7% in the third quarter. BlackRock Group LTD now owns 12,399 shares of the company’s stock worth $165,000 after buying an additional 891 shares during the period. BlackRock Inc. raised its position in Ladder Capital Corp by 275.8% in the second quarter. BlackRock Inc. now owns 13,028 shares of the company’s stock worth $159,000 after buying an additional 9,561 shares during the period. Morgan Stanley raised its position in Ladder Capital Corp by 115.9% in the third quarter. Morgan Stanley now owns 16,742 shares of the company’s stock worth $222,000 after buying an additional 8,986 shares during the period. Finally, BlackRock Advisors LLC raised its position in Ladder Capital Corp by 10.2% in the third quarter. BlackRock Advisors LLC now owns 22,346 shares of the company’s stock worth $296,000 after buying an additional 2,074 shares during the period.
Shares of Ladder Capital Corp (NASDAQ:LADR) traded down 0.64% during trading on Thursday, hitting $13.98. The stock had a trading volume of 157,216 shares. Ladder Capital Corp has a 12-month low of $9.55 and a 12-month high of $15.53. The stock’s 50 day moving average is $14.07 and its 200-day moving average is $13.30. The company has a market cap of $911.50 million and a PE ratio of 16.16.
Ladder Capital Corp (NASDAQ:LADR) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. During the same period in the previous year, the company earned $0.40 earnings per share. Analysts forecast that Ladder Capital Corp will post $1.49 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Tuesday, January 24th. Investors of record on Tuesday, December 27th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, December 22nd.
A number of equities analysts have weighed in on the company. JMP Securities reissued a “buy” rating on shares of Ladder Capital Corp in a research note on Friday, November 4th. JPMorgan Chase & Co. reissued a “buy” rating and set a $14.50 price objective on shares of Ladder Capital Corp in a research note on Friday, November 4th. Keefe, Bruyette & Woods raised Ladder Capital Corp from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Tuesday, December 13th. Finally, Bank of America Corp. lowered Ladder Capital Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $14.17.
In related news, major shareholder Investors Ltd. Towerbrook sold 4,441,661 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $13.60, for a total value of $60,406,589.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities.
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