Ladder Capital Corp (NYSE:LADR) CEO Brian Harris sold 19,355 shares of the company’s stock in a transaction dated Wednesday, January 13th. The stock was sold at an average price of $10.00, for a total transaction of $193,550.00. Following the completion of the sale, the chief executive officer now directly owns 733,700 shares in the company, valued at $7,337,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Brian Harris also recently made the following trade(s):

  • On Monday, January 11th, Brian Harris sold 3,108 shares of Ladder Capital stock. The stock was sold at an average price of $10.00, for a total transaction of $31,080.00.
  • On Friday, January 8th, Brian Harris sold 1,872 shares of Ladder Capital stock. The stock was sold at an average price of $10.00, for a total transaction of $18,720.00.
  • On Wednesday, January 6th, Brian Harris sold 15,630 shares of Ladder Capital stock. The stock was sold at an average price of $10.00, for a total transaction of $156,300.00.
  • On Monday, December 28th, Brian Harris sold 12,700 shares of Ladder Capital stock. The stock was sold at an average price of $10.00, for a total transaction of $127,000.00.
  • On Friday, December 18th, Brian Harris sold 60,964 shares of Ladder Capital stock. The stock was sold at an average price of $10.00, for a total transaction of $609,640.00.

Shares of NYSE LADR opened at $10.22 on Thursday. The firm’s 50-day moving average price is $9.74 and its 200-day moving average price is $8.14. The company has a quick ratio of 100.91, a current ratio of 100.91 and a debt-to-equity ratio of 3.10. The company has a market cap of $1.23 billion, a PE ratio of 30.97 and a beta of 2.32. Ladder Capital Corp has a 52-week low of $2.65 and a 52-week high of $18.97.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. Ladder Capital had a net margin of 9.76% and a return on equity of 5.86%. As a group, equities research analysts anticipate that Ladder Capital Corp will post 0.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date of this dividend is Wednesday, December 30th. Ladder Capital’s payout ratio is presently 55.17%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Ladder Capital by 21.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,687,935 shares of the real estate investment trust’s stock worth $12,187,000 after purchasing an additional 300,853 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of Ladder Capital by 72.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 33,995 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 14,295 shares during the period. Swiss National Bank lifted its stake in shares of Ladder Capital by 1.1% in the 3rd quarter. Swiss National Bank now owns 233,307 shares of the real estate investment trust’s stock worth $1,661,000 after purchasing an additional 2,500 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Ladder Capital by 7.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 934,349 shares of the real estate investment trust’s stock worth $7,569,000 after purchasing an additional 64,155 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Ladder Capital by 33.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 28,396 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 7,197 shares during the period. 45.11% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on LADR. Zacks Investment Research downgraded shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, January 5th. Wolfe Research began coverage on shares of Ladder Capital in a research report on Friday, November 6th. They set an “underperform” rating on the stock. JMP Securities cut their price objective on shares of Ladder Capital from $11.00 to $10.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 6th. Finally, Raymond James reissued a “buy” rating on shares of Ladder Capital in a research report on Friday, December 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.58.

Ladder Capital Company Profile

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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Insider Buying and Selling by Quarter for Ladder Capital (NYSE:LADR)

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