Insider Selling: Ladder Capital (NYSE:LADR) Insider Sells $179,426.25 in Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total value of $179,426.25. Following the transaction, the insider owned 428,684 shares in the company, valued at approximately $4,394,011. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, May 29th, Robert Perelman sold 17,495 shares of Ladder Capital stock. The shares were sold at an average price of $10.26, for a total value of $179,498.70.

Ladder Capital Stock Up 1.8%

Shares of LADR stock opened at $10.18 on Friday. Ladder Capital Corp has a 1 year low of $9.61 and a 1 year high of $11.92. The stock has a market cap of $1.30 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95. The business’s fifty day moving average is $10.10 and its 200-day moving average is $10.53. The company has a debt-to-equity ratio of 2.79, a quick ratio of 58.90 and a current ratio of 58.90.

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, meeting the consensus estimate of $0.22. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.The company had revenue of $51.88 million for the quarter, compared to analysts’ expectations of $57.03 million. During the same period last year, the firm earned $0.20 EPS. Equities analysts expect that Ladder Capital Corp will post 0.78 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

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

Institutional Trading of Ladder Capital

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its holdings in shares of Ladder Capital by 111.7% during the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 11,709 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Ladder Capital during the first quarter valued at $209,000. Jane Street Group LLC grew its holdings in shares of Ladder Capital by 997.0% during the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock valued at $2,056,000 after buying an additional 163,800 shares in the last quarter. Norges Bank purchased a new position in shares of Ladder Capital during the second quarter valued at $1,133,000. Finally, Marshall Wace LLP purchased a new position in shares of Ladder Capital during the second quarter valued at $183,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Wall Street Analyst Weigh In

LADR has been the topic of a number of recent research reports. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research cut Ladder Capital from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Weiss Ratings cut Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods decreased their target price 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 research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.75.

About Ladder Capital

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.