Ladder Capital (NYSE:LADR) Insider Sells $179,498.70 in Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 17,495 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $10.26, for a total value of $179,498.70. Following the completion of the sale, the insider owned 446,189 shares in the company, valued at $4,577,899.14. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robert Perelman also recently made the following trade(s):

• On Tuesday, June 2nd, Robert Perelman sold 17,505 shares of Ladder Capital stock. The stock was sold at an average price of $10.25, for a total value of $179,426.25.

Ladder Capital Stock Up 1.8%

Shares of NYSE:LADR opened at $10.18 on Friday. The stock’s 50-day moving average price is $10.10 and its two-hundred day moving average price is $10.53. The company has a current ratio of 58.90, a quick ratio of 58.90 and a debt-to-equity ratio of 2.79. Ladder Capital Corp has a 12-month low of $9.61 and a 12-month high of $11.92. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 0.89 and a beta of 0.95.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.The firm had revenue of $51.88 million for the quarter, compared to analyst estimates of $57.03 million. During the same period last year, the company earned $0.20 EPS. On average, research analysts forecast that Ladder Capital Corp will post 0.78 EPS for the current year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 209.09%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings lowered Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Wall Street Zen raised Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research lowered Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, Keefe, Bruyette & Woods decreased their price target on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ladder Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.75.

Institutional Investors Weigh In On Ladder Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Ladder Capital by 63.8% in the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 931 shares during the last quarter. Capital Square LLC boosted its holdings in Ladder Capital by 1.2% in the third quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock valued at $883,000 after purchasing an additional 986 shares during the last quarter. Seven Mile Advisory boosted its holdings in Ladder Capital by 4.0% in the fourth quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 992 shares during the last quarter. Nebula Research & Development LLC boosted its holdings in Ladder Capital by 3.1% in the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Ladder Capital by 2.6% in the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 1,026 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Company Profile

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.