Ladder Capital Corp (NYSE:LADR) CEO Brian Harris Sells 12,700 Shares

Ladder Capital Corp (NYSE:LADR) CEO Brian Harris sold 12,700 shares of the business’s stock in a transaction on Monday, December 28th. The shares were sold at an average price of $10.00, for a total transaction of $127,000.00. Following the sale, the chief executive officer now directly owns 756,411 shares of the company’s stock, valued at $7,564,110. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Friday, December 18th, Brian Harris sold 60,964 shares of Ladder Capital stock. The shares were sold at an average price of $10.00, for a total transaction of $609,640.00.

Shares of Ladder Capital stock opened at $9.78 on Friday. The company has a fifty day moving average price of $9.42 and a 200 day moving average price of $8.01. The company has a current ratio of 100.91, a quick ratio of 100.91 and a debt-to-equity ratio of 3.10. Ladder Capital Corp has a twelve month low of $2.65 and a twelve month high of $18.97. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 29.64 and a beta of 2.32.

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 for the quarter, topping 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%. Analysts forecast that Ladder Capital Corp will post 0.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, December 30th. This represents a $0.80 dividend on an annualized basis and a yield of 8.18%. Ladder Capital’s dividend payout ratio is currently 55.17%.

Hedge funds have recently modified their holdings of the business. CWM LLC lifted its holdings in Ladder Capital by 1,910.0% in the 3rd quarter. CWM LLC now owns 3,618 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 3,438 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in Ladder Capital by 74.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,830 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,640 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in Ladder Capital in the 3rd quarter worth $32,000. Public Employees Retirement System of Ohio lifted its holdings in Ladder Capital by 29.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,025 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 1,362 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Ladder Capital in the 3rd quarter worth $81,000. Hedge funds and other institutional investors own 45.11% of the company’s stock.

Several analysts have recently issued reports on the stock. Raymond James reissued a “buy” rating on shares of Ladder Capital in a research note on Friday, December 4th. JMP Securities lowered their price objective on shares of Ladder Capital from $11.00 to $10.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 6th. Zacks Investment Research raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 5th. Finally, Wolfe Research began coverage on shares of Ladder Capital in a research report on Friday, November 6th. They set an “underperform” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Ladder Capital has an average rating of “Hold” and a consensus price target 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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