Shares of Ladder Capital Corp Class A (NYSE:LADR) traded at a new 52-week high today of $12.38. Approximately 249,000 shares have changed hands today, as compared to an average 30-day volume of 685,000 shares.
Ladder Capital Corp is a commercial real estate investment trust that manages a portfolio of commercial real estate and real estate-related assets, with a focus on senior secured assets. The company's reportable segments are loans, securities, real estate, and others. The loans segment provides first mortgage loans that are secured by the cash flows from commercial real estate income. The securities segment invests in commercial mortgage-backed securities and U.S. Agency securities, and real estate segment includes a portfolio of commercial properties and residential properties. The company generates a majority of its revenue from the Loan segment.
Over the past year, Ladder Capital Corp Class A has traded in a range of $6.33 to $12.38 and is now at $12.38, 96% above that low.
There is potential upside of 1,761.6% for shares of Ladder Capital Corp Class A based on a current price of $12.38 and an average consensus analyst price target of $230.46.
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