Today, the President of Ladder Capital (NYSE: LADR), Pamela Mccormack, bought shares of LADR for $148.7K.
Following this transaction Pamela Mccormack’s holding in the company was increased by 2.34% to a total of $6.57 million. In addition to Pamela Mccormack, 2 other LADR executives reported Buy trades in the last month.
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Based on Ladder Capital’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $162 million and quarterly net profit of $50.88 million. In comparison, last year the company earned revenue of $94.92 million and had a net profit of $13.47 million. LADR’s market cap is $1.47B and the company has a P/E ratio of 11.21. Currently, Ladder Capital has an average volume of 1.07M.
Seven different firms, including B.Riley FBR and Deutsche Bank, currently also have a Buy rating on the stock. Starting in March 2017, LADR received 6 Buy ratings in a row.
The insider sentiment on Ladder Capital has been positive according to 29 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Ladder Capital Corp. operates as a holding company, which engages in commercial real estate finance services. The company invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets.
