In yesterday’s Wall Street session, Ladder Capital Corp (NYSE:LADR) shares traded at $11.45, up 1.42% from the previous session.
LADR stock price is now -0.97% away from the 50-day moving average and 0.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.46B.
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On June 25, 2024, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $13, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Perelman Robert, Head of Asset Management sold 25,000 shares of the company’s stock on Sep 13 ’24. The stock was sold for $303,750 at an average price of $12.15. Upon completion of the transaction, the Head of Asset Management now directly owns 351,453 shares in the company, valued at $4.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, President McCormack Pamela sold 50,000 shares of the business’s stock. A total of $612,500 was realized by selling the stock at an average price of $12.25. This leaves the insider owning 548,863 shares of the company worth $6.28 million. A total of 11.51% of the company’s stock is owned by insiders.
During the past 12 months, Ladder Capital Corp has had a low of $10.10 and a high of $12.48. The fifty day moving average price for LADR is $11.5574 and a two-hundred day moving average price translates $11.41325 for the stock.
The latest earnings results from Ladder Capital Corp (NYSE: LADR) was released for 2024-09-30. The net profit margin was 19.26% and return on equity was 6.26% for LADR. The company reported revenue of $38.42 million for the quarter, compared to $38.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.07 percent.
