Ladder Capital Corp (LADR) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.37. Analysts expectations of $67.02 million. During the same quarter in the previous year, the company posted $0.48 EPS.
Many Wall Street Analysts have commented on Ladder Capital Corp. Shares were Reiterated by Deutsche Bank on Mar 22, 2016 to “Buy” and Lowered the Price Target to $ 17.50 from a previous price target of $22.50 .Ladder Capital Corp was Downgraded by Keefe Bruyette to ” Mkt Perform” on Feb 23, 2016. Ladder Capital Corp was Downgraded by Wells Fargo to ” Market Perform” on Feb 19, 2016.
Ladder Capital Corp closed down -0.05 points or -0.43% at $11.47 with 2,62,031 shares getting traded on Wednesday. Post opening the session at $11.42, the shares hit an intraday low of $11.29 and an intraday high of $11.555 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 12, 2015, Mark David Alexander (director) purchased 50,000 shares at $15.66 per share price. According to the SEC, on Jun 30, 2015, Marc Fox (Chief Financial Officer) sold 36,000 shares at $17.66 per share price. On Jun 30, 2015, Michael Mazzei (President) sold 2,100 shares at $18.27 per share price, according to the Form-4 filing with the securities and exchange commission.
Ladder Capital Corp is a holding company. The Company is a real estate investment trust (REIT). It conducts its business through three business lines: commercial mortgage lending investments in securities secured by first mortgage loans and investments in selected net leased and other real estate assets. Its segments include loans securities and real estate. It invests primarily in loans securities and other interests in United States commercial real estate with a focus on senior secured assets. The Company’s Loans segment consists of conduit first mortgage loans balance sheet first mortgage loans and other commercial real estate-related loans. Its Securities segment consists of commercial mortgage-backed securities (CMBS) Investments and United States Agency Securities Investments. Its Real Estate segment consists of commercial real estate properties and residential real estate.