Pamela Mccormack Sells 39,188 Shares of Ladder Capital Corp (NYSE:LADR) Stock

Ladder Capital Corp (NYSE:LADR) President Pamela Mccormack sold 39,188 shares of Ladder Capital stock in a transaction that occurred on Monday, December 28th. The shares were sold at an average price of $10.00, for a total transaction of $391,880.00. Following the completion of the sale, the president now owns 686,307 shares in the company, valued at $6,863,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pamela Mccormack also recently made the following trade(s):

  • On Friday, December 18th, Pamela Mccormack sold 10,812 shares of Ladder Capital stock. The stock was sold at an average price of $10.00, for a total transaction of $108,120.00.
  • On Tuesday, November 24th, Pamela Mccormack sold 100,000 shares of Ladder Capital stock. The stock was sold at an average price of $9.50, for a total transaction of $950,000.00.

LADR stock opened at $9.78 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 100.91 and a quick ratio of 100.91. The company has a fifty day moving average price of $9.42 and a two-hundred day moving average price of $8.01. Ladder Capital Corp has a one year low of $2.65 and a one year 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 released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.11. Ladder Capital had a net margin of 9.76% and a return on equity of 5.86%. Research analysts anticipate that Ladder Capital Corp will post 0.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend 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 (DPR) is 55.17%.

LADR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 5th. Wolfe Research initiated coverage on shares of Ladder Capital in a report on Friday, November 6th. They set an “underperform” rating on the stock. JMP Securities lowered their target price on shares of Ladder Capital from $11.00 to $10.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 6th. Finally, Raymond James restated a “buy” rating on shares of Ladder Capital in a report on Friday, December 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.58.

A number of hedge funds have recently added to or reduced their stakes in LADR. JPMorgan Chase & Co. boosted its position in shares of Ladder Capital by 21.7% in the third quarter. JPMorgan Chase & Co. now owns 1,687,935 shares of the real estate investment trust’s stock valued at $12,187,000 after acquiring an additional 300,853 shares during the period. Swiss National Bank boosted its position in shares of Ladder Capital by 1.1% in the third quarter. Swiss National Bank now owns 233,307 shares of the real estate investment trust’s stock valued at $1,661,000 after acquiring an additional 2,500 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ladder Capital by 7.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 934,349 shares of the real estate investment trust’s stock valued at $7,569,000 after acquiring an additional 64,155 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Ladder Capital by 65.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,837,149 shares of the real estate investment trust’s stock valued at $14,881,000 after acquiring an additional 724,833 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of Ladder Capital by 33.9% in the second quarter. Great West Life Assurance Co. Can now owns 28,396 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 7,197 shares during the period. 45.11% of the stock is owned by hedge funds and other institutional investors.

About Ladder Capital

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.

Further Reading: What is a stock buyback?

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

Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.