Ladder Capital Corp (NYSE:LADR) Insider Sells $303,750.00 in Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares in the company, valued at $4,270,153.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ladder Capital Trading Up 1.2 %

Shares of Ladder Capital stock opened at $12.20 on Monday. Ladder Capital Corp has a 52-week low of $9.08 and a 52-week high of $12.48. The stock has a market cap of $1.56 billion, a PE ratio of 16.05 and a beta of 1.94. The firm has a 50-day moving average of $11.90 and a 200-day moving average of $11.30. The company has a debt-to-equity ratio of 2.21, a quick ratio of 76.87 and a current ratio of 76.87.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The company had revenue of $71.67 million for the quarter, compared to analysts’ expectations of $71.22 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. As a group, sell-side analysts forecast that Ladder Capital Corp will post 1 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Monday, September 30th. Ladder Capital’s payout ratio is presently 121.05%.

Analyst Ratings Changes

Several research firms have issued reports on LADR. Keefe, Bruyette & Woods upped their price objective on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Wolfe Research began coverage on Ladder Capital in a report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price target for the company. Bank of America upped their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, July 29th. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Institutional Trading of Ladder Capital

Large investors have recently made changes to their positions in the company. MQS Management LLC bought a new stake in Ladder Capital during the second quarter worth $128,000. Algert Global LLC acquired a new position in shares of Ladder Capital during the 2nd quarter worth $130,000. SG Americas Securities LLC bought a new stake in shares of Ladder Capital during the 1st quarter worth $148,000. HB Wealth Management LLC boosted its stake in Ladder Capital by 7.1% in the first quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,000 shares in the last quarter. Finally, TrueMark Investments LLC bought a new position in Ladder Capital in the second quarter valued at about $174,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.