Ladder Capital Corp (NYSE:LADR) Director Sells $384,607.44 in Stock

Key Points

• Ladder Capital Corp Director Mark David Alexander sold 34,587 shares of the stock for a total value of $384,607.44, resulting in a 28.68% decrease in his ownership.
• The company reported an EPS of $0.23 for the last quarter, beating analysts' expectations, but revenue of $56.26 million fell short of the consensus estimate.
• Ladder Capital announced a quarterly dividend of $0.23 per share with an annualized yield of 8.5%, although its dividend payout ratio stands at a high 131.43%.

Ladder Capital Corp (NYSE:LADR - Get Free Report) Director Mark David Alexander sold 34,587 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $11.12, for a total transaction of $384,607.44. Following the completion of the sale, the director directly owned 86,024 shares in the company, valued at approximately $956,586.88. This trade represents a 28.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Thursday, July 31st, Mark David Alexander sold 30,000 shares of Ladder Capital stock. The stock was sold at an average price of $10.93, for a total transaction of $327,900.00.

Ladder Capital Price Performance

Shares of NYSE:LADR traded down $0.11 during midday trading on Tuesday, reaching $10.94. 212,343 shares of the company were exchanged, compared to its average volume of 674,386. The company has a current ratio of 31.28, a quick ratio of 31.28 and a debt-to-equity ratio of 1.86. The business's fifty day moving average is $10.84 and its two-hundred day moving average is $10.95. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.36. The stock has a market cap of $1.39 billion, a PE 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 issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $58.57 million. During the same period last year, the company posted $0.31 EPS. As a group, analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Monday, June 30th. Ladder Capital's dividend payout ratio (DPR) is currently 131.43%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Ladder Capital

Institutional investors have recently modified their holdings of the company. Balyasny Asset Management L.P. boosted its stake in Ladder Capital by 35.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust's stock worth $19,896,000 after purchasing an additional 461,739 shares in the last quarter. Bank of America Corp DE boosted its stake in Ladder Capital by 18.7% in the 4th quarter. Bank of America Corp DE now owns 367,430 shares of the real estate investment trust's stock worth $4,112,000 after purchasing an additional 57,766 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Ladder Capital by 37.8% in the 1st quarter. Allianz Asset Management GmbH now owns 307,036 shares of the real estate investment trust's stock worth $3,503,000 after purchasing an additional 84,286 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Ladder Capital by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust's stock worth $563,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Ladder Capital in the 1st quarter worth approximately $300,000. 62.25% of the stock is currently owned by institutional investors.

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.