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 firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $10.86, for a total value of $290,993.70. Following the completion of the transaction, the director directly owned 29,229 shares of the company's stock, valued at $317,426.94. The trade was a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was 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 Down 0.5%

Shares of LADR traded down $0.05 during midday trading on Friday, reaching $10.87. 747,557 shares of the company were exchanged, compared to its average volume of 844,144. The stock has a 50-day moving average price of $10.82 and a 200-day moving average price of $10.95. 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 Corp has a 1-year low of $9.68 and a 1-year high of $12.36. 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 (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. The company had revenue of $56.26 million for the quarter, compared to analysts' expectations of $58.57 million. Ladder Capital had a return on equity of 7.07% and a net margin of 20.05%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Research analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LADR shares. Wall Street Zen cut Ladder Capital from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods lifted their target price on Ladder Capital from $11.75 to $12.00 and gave the company an "outperform" rating in a report on Friday, July 25th.

Institutional Trading of Ladder Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. KBC Group NV purchased a new stake in shares of Ladder Capital during the first quarter worth about $31,000. Versant Capital Management Inc bought a new stake in Ladder Capital in the first quarter valued at about $38,000. Sterling Capital Management LLC increased its holdings in Ladder Capital by 816.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 3,240 shares during the last quarter. CWM LLC increased its holdings in Ladder Capital by 192.4% in the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 2,499 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in Ladder Capital in the fourth quarter valued at about $84,000. 62.25% of the stock is owned by hedge funds and other 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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