Mark David Alexander Sells 26,795 Shares of Ladder Capital Corp (NYSE:LADR) Stock

Key Points

• Mark David Alexander, a director at Ladder Capital Corp, sold 26,795 shares on August 1st for a total value of $290,993.70, reducing his ownership by 47.83%.
• Ladder Capital reported $0.23 EPS in its latest earnings, slightly above the $0.22 expected by analysts, although revenues were lower than expected at $56.26 million.
• The company recently announced a quarterly dividend of $0.23 per share, which reflects an annualized dividend yield of 8.5%.

Ladder Capital Corp (NYSE:LADR - Get Free Report) Director Mark David Alexander sold 26,795 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $10.86, for a total transaction of $290,993.70. Following the sale, the director owned 29,229 shares in the company, valued at approximately $317,426.94. This trade represents a 47.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• 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.
• 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 value of $384,607.44.

Ladder Capital Stock Performance

NYSE:LADR traded down $0.11 during mid-day trading on Tuesday, reaching $10.94. The stock had a trading volume of 212,343 shares, compared to its average volume of 674,386. Ladder Capital Corp has a twelve month low of $9.68 and a twelve month high of $12.36. The company has a debt-to-equity ratio of 1.86, a quick ratio of 31.28 and a current ratio of 31.28. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 3.21 and a beta of 1.03. The business has a 50 day simple moving average of $10.84 and a 200 day simple moving average of $10.95.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $0.31 EPS. On average, analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.4%. The ex-dividend date was Monday, June 30th. Ladder Capital's dividend payout ratio is currently 131.43%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Balyasny Asset Management L.P. lifted its holdings in shares of Ladder Capital by 35.1% during 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 acquiring an additional 461,739 shares during the period. Bank of America Corp DE lifted its position in shares of Ladder Capital by 18.7% in the fourth 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 lifted its stake in Ladder Capital by 37.8% in the first quarter. Allianz Asset Management GmbH now owns 307,036 shares of the real estate investment trust's stock valued at $3,503,000 after acquiring an additional 84,286 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Ladder Capital by 4.8% during 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 buying an additional 2,251 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Ladder Capital during the first quarter worth about $300,000. Institutional investors and hedge funds own 62.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a research report 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.

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.