Robert Perelman Sells 17,495 Shares of Ladder Capital (NYSE:LADR) Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 17,495 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $10.26, for a total value of $179,498.70. Following the transaction, the insider directly owned 446,189 shares in the company, valued at approximately $4,577,899.14. This represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Robert Perelman also recently made the following trade(s):

• On Tuesday, June 2nd, Robert Perelman sold 17,505 shares of Ladder Capital stock. The shares were sold at an average price of $10.25, for a total value of $179,426.25.

Ladder Capital Stock Performance

Shares of NYSE LADR opened at $10.01 on Thursday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 58.90 and a current ratio of 58.90. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 0.91 and a beta of 0.95. The business’s 50-day simple moving average is $10.09 and its 200-day simple moving average is $10.53. Ladder Capital Corp has a 52 week low of $9.61 and a 52 week high of $11.92.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $51.88 million for the quarter, compared to analyst estimates of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same quarter in the prior year, the firm posted $0.20 EPS. As a group, equities research analysts expect that Ladder Capital Corp will post 0.78 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.92 annualized dividend and a yield of 9.2%. Ladder Capital’s dividend payout ratio is presently 209.09%.

Institutional Trading of Ladder Capital

Several hedge funds have recently added to or reduced their stakes in LADR. Focus Partners Wealth bought a new stake in shares of Ladder Capital in the 4th quarter worth approximately $7,989,000. M&T Bank Corp bought a new stake in shares of Ladder Capital in the 4th quarter worth approximately $7,943,000. Goldman Sachs Group Inc. lifted its position in shares of Ladder Capital by 30.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,930,524 shares of the real estate investment trust’s stock worth $32,206,000 after acquiring an additional 682,511 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of Ladder Capital in the 2nd quarter worth approximately $6,289,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Ladder Capital by 148.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 923,588 shares of the real estate investment trust’s stock worth $10,076,000 after acquiring an additional 551,478 shares during the period. Institutional investors own 62.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings downgraded Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Zacks Research downgraded Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.