Ladder Capital Corp (NYSE:LADR) Director Sells $327,900.00 in Stock

Key Points

• Director Mark David Alexander of Ladder Capital Corp sold 30,000 shares of stock for $327,900, reducing his total ownership by 34.87%.
• The company recently reported a quarterly EPS of $0.23, surpassing estimates, but revenue was below analysts' expectations at $56.26 million.
• Ladder Capital declared a quarterly dividend of $0.23 per share, translating to an annualized yield of 8.5%, with a notable dividend payout ratio of 131.43%.

Ladder Capital Corp (NYSE:LADR - Get Free Report) Director Mark David Alexander sold 30,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $10.93, for a total transaction of $327,900.00. Following the completion of the sale, the director directly owned 56,024 shares of the company's stock, valued at $612,342.32. This trade represents a 34.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mark David Alexander also recently made the following trade(s):

• On Friday, August 1st, Mark David Alexander sold 26,795 shares of Ladder Capital stock. The shares were sold at an average price of $10.86, for a total transaction of $290,993.70.
• On Wednesday, July 30th, Mark David Alexander sold 34,587 shares of Ladder Capital stock. The shares were sold at an average price of $11.12, for a total transaction of $384,607.44.

Ladder Capital Trading Down 0.5%

NYSE LADR traded down $0.05 during trading on Friday, hitting $10.87. The company had a trading volume of 747,557 shares, compared to its average volume of 844,144. The company has a current ratio of 31.28, a quick ratio of 48.71 and a debt-to-equity ratio of 1.86. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.36. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 3.22 and a beta of 1.03. The company's fifty day moving average is $10.82 and its 200-day moving average is $10.95.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. The business had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. During the same period in the prior year, the business earned $0.31 EPS. On average, sell-side analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Monday, June 30th. Ladder Capital's dividend payout ratio (DPR) is presently 131.43%.

Analyst Upgrades and Downgrades

LADR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Ladder Capital from $11.75 to $12.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Wall Street Zen lowered shares of Ladder Capital from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Jennison Associates LLC increased its stake in shares of Ladder Capital by 7.7% in the 2nd quarter. Jennison Associates LLC now owns 7,493,528 shares of the real estate investment trust's stock worth $80,555,000 after acquiring an additional 538,147 shares in the last quarter. MQS Management LLC bought a new position in shares of Ladder Capital in the 2nd quarter worth about $177,000. State of New Jersey Common Pension Fund D increased its stake in shares of Ladder Capital by 10.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 184,110 shares of the real estate investment trust's stock worth $1,979,000 after acquiring an additional 17,342 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Ladder Capital by 5.5% in the 2nd quarter. AlphaQuest LLC now owns 180,856 shares of the real estate investment trust's stock worth $1,944,000 after acquiring an additional 9,427 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in shares of Ladder Capital by 48.0% in the 2nd quarter. Denali Advisors LLC now owns 245,824 shares of the real estate investment trust's stock worth $2,643,000 after acquiring an additional 79,743 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

About Ladder Capital

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.

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