Insider Selling: Ladder Capital Corp (NYSE:LADR) President Sells $1,217,000.00 in Stock

Ladder Capital Corp (NYSE:LADR) President Pamela Mccormack sold 100,000 shares of Ladder Capital stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total value of $1,217,000.00. Following the transaction, the president now owns 598,863 shares of the company’s stock, valued at approximately $7,288,162.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ladder Capital Trading Down 0.8 %

Shares of LADR stock opened at $11.77 on Monday. Ladder Capital Corp has a fifty-two week low of $9.08 and a fifty-two week high of $12.48. The company has a debt-to-equity ratio of 2.21, a quick ratio of 88.41 and a current ratio of 76.87. The stock’s fifty day moving average is $11.42 and its two-hundred day moving average is $11.09. The firm has a market capitalization of $1.51 billion, a P/E ratio of 15.49 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $71.67 million for the quarter, compared to analyst estimates of $71.22 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. Ladder Capital’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Research analysts expect that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.82%. The ex-dividend date of this dividend was Thursday, June 27th. Ladder Capital’s payout ratio is currently 121.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. B. Riley upped their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. JMP Securities raised their target price on Ladder Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a research report on Monday, July 22nd. BTIG Research reaffirmed a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods increased their price target on Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LADR. Vanguard Group Inc. raised its stake in Ladder Capital by 0.3% during the first quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock worth $125,043,000 after purchasing an additional 28,602 shares during the period. Jennison Associates LLC raised its position in shares of Ladder Capital by 6.7% during the 1st quarter. Jennison Associates LLC now owns 6,328,026 shares of the real estate investment trust’s stock valued at $70,431,000 after buying an additional 397,817 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Ladder Capital by 2.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,249,770 shares of the real estate investment trust’s stock valued at $37,405,000 after buying an additional 62,633 shares during the period. Wellington Management Group LLP lifted its holdings in Ladder Capital by 16.7% in the fourth quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock valued at $23,619,000 after acquiring an additional 293,615 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Ladder Capital by 137.0% in the first quarter. Principal Financial Group Inc. now owns 2,040,278 shares of the real estate investment trust’s stock worth $22,708,000 after acquiring an additional 1,179,494 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.