BlackRock Updates Passive Stake in Ladder Capital Corp
Ticker: LADR · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, real-estate
TL;DR
**BlackRock just updated its passive stake in Ladder Capital, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating a change in its ownership stake in Ladder Capital Corp as of December 31, 2023. This filing, Amendment No. 7, updates BlackRock's passive investment position in Ladder Capital's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence in the company's future performance, potentially influencing other investors' decisions.
Why It Matters
Large institutional investors like BlackRock adjusting their holdings can influence market sentiment and stock price, as it reflects their view on the company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate or significant risk to the company or its shareholders.
Analyst Insight
Investors should note BlackRock's continued passive interest in Ladder Capital Corp, but this filing alone doesn't provide enough detail to warrant immediate action. Further analysis of BlackRock's specific share count changes (which are not detailed in this excerpt) would be necessary to gauge the significance of this amendment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- Ladder Capital Corp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 7, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified under 'Names of reporting persons' on the cover page of the filing.
What is the subject company whose securities are being reported?
The subject company is Ladder Capital Corp, as stated under 'Name of Issuer' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Ladder Capital Corp is 505743104, as listed in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, according to the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-004358 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-004358 Filing Date 2024-01-26 Accepted 2024-01-26 11:49:44 Documents 1 Document Format Files Seq Description Document Type Size 1 us5057431042_012624.txt SC 13G/A 11801 Complete submission text file 0001086364-24-004358.txt 13610 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 320 PARK AVENUE, 15TH FLOOR NEW YORK NY 10022 Business Address 320 PARK AVENUE, 15TH FLOOR NEW YORK NY 10022 212-715-3170 Ladder Capital Corp (Subject) CIK : 0001577670 (see all company filings) EIN. : 800925494 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-88020 | Film No.: 24565868 SIC : 6798 Real Estate Investment Trusts (CF Office: 05 Real Estate & Construction)