Insider Selling: Ladder Capital (NYSE:LADR) Insider Sells 17,495 Shares of Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 17,495 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $10.26, for a total transaction of $179,498.70. Following the completion of the sale, the insider directly owned 446,189 shares in the company, valued at approximately $4,577,899.14. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

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

Ladder Capital Stock Performance

Shares of LADR stock traded up $0.10 on Tuesday, reaching $10.20. The stock had a trading volume of 573,667 shares, compared to its average volume of 805,424. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. The firm’s 50-day moving average is $10.08 and its two-hundred day moving average is $10.54. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 0.91 and a beta of 0.96. Ladder Capital Corp has a 12 month low of $9.61 and a 12 month high of $11.92.

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

Ladder Capital Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Ladder Capital by 63.8% during the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 931 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of Ladder Capital by 500.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,500 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Ladder Capital during the 3rd quarter worth approximately $34,000. Vision Financial Markets LLC bought a new stake in shares of Ladder Capital during the 3rd quarter worth approximately $35,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Ladder Capital during the 1st quarter worth approximately $33,000. 62.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LADR has been the subject of a number of research analyst reports. Weiss Ratings cut Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. BTIG Research restated a “buy” rating and set a $13.50 price objective on shares of Ladder Capital in a report on Monday, February 2nd. Zacks Research downgraded Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Wall Street Zen raised Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods decreased their price objective on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

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.