Ladder Capital Corp (NYSE:LADR) Insider Kelly Amanda Porcella Sells 3,000 Shares


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Ladder Capital Corp (NYSE:LADR) insider Kelly Amanda Porcella sold 3,000 shares of Ladder Capital stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $11.86, for a total value of $35,580.00. Following the completion of the sale, the insider now owns 125,798 shares of the company’s stock, valued at $1,491,964.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

LADR opened at $11.51 on Thursday. The business’s 50-day moving average is $11.58 and its two-hundred day moving average is $9.59. Ladder Capital Corp has a 1 year low of $5.61 and a 1 year high of $12.32. 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 firm has a market capitalization of $1.46 billion, a PE ratio of 34.88 and a beta of 2.33.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, February 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Ladder Capital had a return on equity of 5.86% and a net margin of 9.76%. As a group, sell-side analysts expect that Ladder Capital Corp will post 0.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $0.80 annualized dividend and a yield of 6.95%. Ladder Capital’s dividend payout ratio (DPR) is presently 55.17%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners grew its stake in shares of Ladder Capital by 195.0% during the fourth quarter. Boston Partners now owns 155,256 shares of the real estate investment trust’s stock worth $1,518,000 after acquiring an additional 102,627 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ladder Capital by 21.7% during the third quarter. JPMorgan Chase & Co. now owns 1,687,935 shares of the real estate investment trust’s stock worth $12,187,000 after acquiring an additional 300,853 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Ladder Capital by 80.7% during the fourth quarter. ProShare Advisors LLC now owns 23,421 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 10,460 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Ladder Capital by 72.6% during the third quarter. Cubist Systematic Strategies LLC now owns 33,995 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 14,295 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Ladder Capital by 17.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 7,051 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 1,026 shares during the last quarter. Institutional investors own 46.90% of the company’s stock.

Several analysts recently weighed in on the company. Raymond James lifted their price objective on Ladder Capital from $11.50 to $12.50 and gave the company a “strong-buy” rating in a report on Monday, March 8th. Zacks Investment Research downgraded Ladder Capital from a “hold” rating to a “sell” rating in a report on Wednesday, February 10th. BTIG Research assumed coverage on Ladder Capital in a report on Tuesday, February 2nd. They issued a “buy” rating and a $11.50 price objective for the company. Wolfe Research upgraded Ladder Capital from an “underperform” rating to an “outperform” rating in a report on Monday, March 8th. Finally, JPMorgan Chase & Co. downgraded Ladder Capital from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $9.50 to $10.00 in a report on Tuesday, February 9th. Two research analysts have rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $10.83.

About Ladder Capital

Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale.

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

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