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Recent 52-Week High Exceeded in Shares of Ladder Capital (LADR)

By Amy Schwartz

Shares of Ladder Capital (NYSE:LADR) traded at a new 52-week high today of $17.53. Approximately 148,000 shares have changed hands today, as compared to an average 30-day volume of 561,000 shares.

Ladder Capital Corp operates as a commercial real estate company. The Company offers commercial mortgage lending, investments in securities secured by first mortgage loans, and investments in selected net leased and other commercial real estate assets. Ladder Capital serves clients in the States of New York, California, and Florida.

Over the past year, Ladder Capital has traded in a range of $13.18 to $17.53 and is now at $17.36, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

Ladder Capital (NYSE:LADR) is currently priced 5.4% above its average consensus analyst price target of $16.43. Ladder Capital shares have support at the 50-day moving average (MA) of $16.64 and additional support at the 200-day MA of $15.16.

SmarTrend recommended that subscribers consider buying shares of Ladder Capital on May 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.09. Since that recommendation, shares of Ladder Capital have risen 15.6%. We continue to monitor LADR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ladder capital

Ticker(s): LADR