Robert Perelman Sells 1,572 Shares of Ladder Capital Corp (NYSE:LADR) Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, December 28th. The shares were sold at an average price of $10.00, for a total value of $15,720.00. Following the completion of the transaction, the insider now directly owns 295,414 shares of the company’s stock, valued at $2,954,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, December 18th, Robert Perelman sold 23,428 shares of Ladder Capital stock. The shares were sold at an average price of $10.00, for a total transaction of $234,280.00.

LADR stock opened at $9.78 on Friday. Ladder Capital Corp has a 52 week low of $2.65 and a 52 week high of $18.97. 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 firm has a 50-day simple moving average of $9.45 and a 200-day simple moving average of $8.02. The stock has a market capitalization of $1.18 billion, a P/E ratio of 29.64 and a beta of 2.32.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.11. Ladder Capital had a return on equity of 5.86% and a net margin of 9.76%. On average, analysts expect that Ladder Capital Corp will post 0.44 earnings per share for the current year.

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

A number of brokerages recently issued reports on LADR. Zacks Investment Research raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 5th. Raymond James reissued a “buy” rating on shares of Ladder Capital in a research note on Friday, December 4th. Wolfe Research initiated coverage on Ladder Capital in a research note on Friday, November 6th. They issued an “underperform” rating for the company. Finally, JMP Securities reduced their price target on Ladder Capital from $11.00 to $10.00 and set a “market outperform” rating for the company in a report on Tuesday, October 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.58.

A number of hedge funds have recently added to or reduced their stakes in LADR. Van ECK Associates Corp grew its position in shares of Ladder Capital by 19.9% in the third quarter. Van ECK Associates Corp now owns 659,297 shares of the real estate investment trust’s stock valued at $4,694,000 after purchasing an additional 109,459 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Ladder Capital by 4.1% during the third quarter. Great West Life Assurance Co. Can now owns 29,557 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 1,161 shares during the last quarter. Public Employees Retirement System of Ohio grew 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 valued at $43,000 after buying an additional 1,362 shares in the last quarter. Paloma Partners Management Co increased its stake in shares of Ladder Capital by 99.3% in the 3rd quarter. Paloma Partners Management Co now owns 36,572 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 18,224 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Ladder Capital by 0.9% during the 3rd quarter. California State Teachers Retirement System now owns 159,511 shares of the real estate investment trust’s stock worth $1,136,000 after acquiring an additional 1,381 shares during the period. Institutional investors own 45.11% of the company’s stock.

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.

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

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