Ladder Capital Corp (NYSE:LADR) President Pamela Mccormack bought 1,500 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $16.02 per share, for a total transaction of $24,030.00. Following the transaction, the president now owns 525,465 shares of the company’s stock, valued at $8,417,949.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Pamela Mccormack also recently made the following trade(s):

  • On Wednesday, May 22nd, Pamela Mccormack bought 1,600 shares of Ladder Capital stock. The stock was acquired at an average price of $16.03 per share, for a total transaction of $25,648.00.

NYSE:LADR opened at $16.26 on Tuesday. The stock has a market cap of $1.90 billion, a PE ratio of 8.34 and a beta of 0.96. The company has a current ratio of 106.07, a quick ratio of 106.07 and a debt-to-equity ratio of 2.87. Ladder Capital Corp has a 1-year low of $14.75 and a 1-year high of $18.82.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The company had revenue of $68.37 million for the quarter, compared to analysts’ expectations of $78.38 million. Ladder Capital had a return on equity of 12.25% and a net margin of 27.90%. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, sell-side analysts anticipate that Ladder Capital Corp will post 1.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 8.36%. The ex-dividend date of this dividend is Friday, June 7th. Ladder Capital’s dividend payout ratio (DPR) is currently 69.74%.

Large investors have recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new stake in shares of Ladder Capital during the fourth quarter worth about $25,000. Coastal Investment Advisors Inc. bought a new stake in Ladder Capital in the first quarter valued at approximately $28,000. Intercontinental Wealth Advisors LLC bought a new stake in Ladder Capital in the fourth quarter valued at approximately $29,000. USA Financial Portformulas Corp bought a new stake in Ladder Capital in the first quarter valued at approximately $46,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Ladder Capital in the first quarter valued at approximately $61,000. Institutional investors own 51.12% of the company’s stock.

A number of research analysts have issued reports on the company. Deutsche Bank cut Ladder Capital from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. ValuEngine upgraded Ladder Capital from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Zacks Investment Research cut Ladder Capital from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, TheStreet upgraded Ladder Capital from a “c” rating to a “b” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.10.

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About Ladder Capital

Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.

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