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 stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $11.12, for a total value of $384,607.44. Following the transaction, the director owned 86,024 shares in the company, valued at $956,586.88. This trade represents a 28.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 value of $290,993.70.
• On Thursday, July 31st, Mark David Alexander sold 30,000 shares of Ladder Capital stock. The shares were sold at an average price of $10.93, for a total value of $327,900.00.

Ladder Capital Stock Down 0.5%

NYSE LADR traded down $0.05 during mid-day trading on Friday, reaching $10.87. 747,557 shares of the company's stock traded hands, 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. The company has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $10.95. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.36. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 3.22 and a beta of 1.03.

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results 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 return on equity of 7.07% and a net margin of 20.05%. The company had revenue of $56.26 million for the quarter, compared to the consensus estimate of $58.57 million. During the same quarter last year, the business posted $0.31 EPS. As a group, equities research analysts expect that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Monday, June 30th. Ladder Capital's dividend payout ratio (DPR) is currently 131.43%.

Analysts Set New Price Targets

A number of brokerages have weighed in on LADR. Keefe, Bruyette & Woods raised their price objective on Ladder Capital from $11.75 to $12.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Wall Street Zen lowered Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. lifted its holdings in shares of 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 during the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of 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 during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Ladder Capital in the 4th quarter worth approximately $1,979,000. Finally, KBC Group NV bought a new stake in shares of Ladder Capital in the 1st quarter worth approximately $31,000. Institutional investors own 62.25% of the company's stock.

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.

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