Ladder Capital Corp (NYSE:LADR) Director Mark David Alexander Sells 30,000 Shares

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 business's stock in a transaction on Thursday, July 31st. The stock was 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 approximately $612,342.32. The trade was 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 stock was 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 stock was sold at an average price of $11.12, for a total transaction of $384,607.44.

Ladder Capital Price Performance

Shares of Ladder Capital stock traded down $0.11 on Tuesday, hitting $10.94. The company's stock had a trading volume of 212,343 shares, compared to its average volume of 674,386. Ladder Capital Corp has a 52-week low of $9.68 and a 52-week high of $12.36. The company has a quick ratio of 31.28, a current ratio of 31.28 and a debt-to-equity ratio of 1.86. The firm has a fifty day moving average price of $10.84 and a 200-day moving average price of $10.95. The company has a market capitalization of $1.39 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 3.21 and a beta of 1.03.

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

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 8.4%. Ladder Capital's payout ratio is 131.43%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LADR shares. Keefe, Bruyette & Woods increased their target price on shares of Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Wall Street Zen cut Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th.

Hedge Funds Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. raised its stake in shares of Ladder Capital by 10.2% during the fourth quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust's stock valued at $425,000 after purchasing an additional 3,510 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Ladder Capital in the 4th quarter worth about $249,000. LPL Financial LLC increased its stake in Ladder Capital by 2.4% in the 4th quarter. LPL Financial LLC now owns 193,994 shares of the real estate investment trust's stock worth $2,171,000 after purchasing an additional 4,498 shares in the last quarter. Norges Bank purchased a new position in Ladder Capital in the 4th quarter worth about $5,764,000. Finally, Wellington Management Group LLP increased its stake in Ladder Capital by 77.6% in the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after purchasing an additional 1,172,961 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

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.