Ladder Capital Corp (LADR) Shares Sold by Citigroup Inc.

Citigroup Inc. trimmed its holdings in shares of Ladder Capital Corp (NASDAQ:LADR) by 45.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,016 shares of the real estate investment trust’s stock after selling 37,330 shares during the period. Citigroup Inc.’s holdings in Ladder Capital Corp were worth $590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LADR. Great West Life Assurance Co. Can increased its holdings in shares of Ladder Capital Corp by 0.8% during the first quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 75 shares during the period. First Trust Advisors LP increased its holdings in shares of Ladder Capital Corp by 92.8% during the first quarter. First Trust Advisors LP now owns 82,457 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 39,688 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Ladder Capital Corp by 26.5% during the first quarter. Bank of New York Mellon Corp now owns 231,823 shares of the real estate investment trust’s stock valued at $3,348,000 after purchasing an additional 48,524 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Ladder Capital Corp by 0.7% during the first quarter. UBS Asset Management Americas Inc. now owns 13,196 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 98 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Ladder Capital Corp by 50.7% during the first quarter. Parametric Portfolio Associates LLC now owns 72,362 shares of the real estate investment trust’s stock valued at $1,045,000 after purchasing an additional 24,336 shares during the period.

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A number of research analysts have recently commented on the company. Zacks Investment Research raised Ladder Capital Corp from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Thursday, September 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.00 price target on shares of Ladder Capital Corp in a report on Friday, September 22nd. Finally, BidaskClub raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Two equities 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.75.

In other news, CEO Brian Harris bought 10,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $13.41 per share, for a total transaction of $134,100.00. Following the completion of the transaction, the chief executive officer now directly owns 544,558 shares in the company, valued at approximately $7,302,522.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total value of $27,100,000.00. The disclosure for this sale can be found here.

Ladder Capital Corp (NASDAQ:LADR) opened at 13.82 on Friday. The company’s 50-day moving average price is $13.62 and its 200 day moving average price is $13.90. The company has a market cap of $1.19 billion and a PE ratio of 12.08. Ladder Capital Corp has a 52 week low of $12.14 and a 52 week high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The company had revenue of $52.10 million during the quarter, compared to the consensus estimate of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, analysts anticipate that Ladder Capital Corp will post $1.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.68%.

Ladder Capital Corp Profile

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).

Institutional Ownership by Quarter for Ladder Capital Corp (NASDAQ:LADR)

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