Robert Perelman Sells 25,000 Shares of Ladder Capital Corp (NYSE:LADR) Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following 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 legal filing with the SEC, which is available through this link.

Ladder Capital Stock Performance

Shares of NYSE:LADR opened at $12.20 on Friday. The company’s 50 day moving average price is $11.90 and its two-hundred day moving average price is $11.29. Ladder Capital Corp has a 12-month low of $9.08 and a 12-month high of $12.48. The firm has a market cap of $1.56 billion, a PE ratio of 16.05 and a beta of 1.94. The company has a quick ratio of 76.87, a current ratio of 76.87 and a debt-to-equity ratio of 2.21.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The firm had revenue of $71.67 million for the quarter, compared to analyst estimates of $71.22 million. During the same quarter in the prior year, the business posted $0.31 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Ladder Capital Corp will post 1 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date is Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Analysts Set New Price Targets

LADR has been the topic of several recent analyst reports. StockNews.com lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Wolfe Research initiated coverage on shares of Ladder Capital in a research note on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price objective on the stock. BTIG Research restated a “buy” rating and set a $13.50 price objective on shares of Ladder Capital in a research note on Friday, July 19th. B. Riley boosted their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Bank of America boosted their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.33.

Institutional Trading of Ladder Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ladder Capital by 15.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust’s stock worth $10,505,000 after acquiring an additional 123,920 shares during the period. Boston Partners bought a new stake in shares of Ladder Capital during the 1st quarter worth approximately $787,000. Van ECK Associates Corp lifted its holdings in shares of Ladder Capital by 32.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock worth $12,321,000 after acquiring an additional 266,693 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ladder Capital by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,536,199 shares of the real estate investment trust’s stock worth $17,682,000 after acquiring an additional 19,327 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Ladder Capital by 16.7% in the 4th quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock valued at $23,619,000 after purchasing an additional 293,615 shares during the last quarter. Institutional investors 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.