Ladder Capital (NYSE:LADR) Insider Robert Perelman Sells 17,505 Shares of Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 17,505 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total transaction of $179,426.25. Following the completion of the transaction, the insider owned 428,684 shares of the company’s stock, valued at approximately $4,394,011. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

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

Ladder Capital Stock Up 1.0%

LADR stock opened at $10.20 on Wednesday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 23.19, a P/E/G ratio of 0.90 and a beta of 0.95. The firm has a 50-day simple moving average of $10.08 and a 200-day simple moving average of $10.54. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. Ladder Capital Corp has a 52 week low of $9.61 and a 52 week high of $11.92.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. During the same quarter in the previous year, the company earned $0.20 earnings per share. Equities analysts forecast that Ladder Capital Corp will post 0.78 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

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

Institutional Trading of Ladder Capital

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

Analysts Set New Price Targets

A number of research firms have recently commented on LADR. Keefe, Bruyette & Woods cut their target price on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Zacks Research cut shares of Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Weiss Ratings cut shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.