Robert Perelman Sells 17,505 Shares of Ladder Capital (NYSE:LADR) Stock

Ladder Capital Corp (NYSE:LADR) insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total value of $179,426.25. Following the completion of the sale, the insider directly owned 428,684 shares of the company’s stock, valued at $4,394,011. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, May 29th, Robert Perelman sold 17,495 shares of Ladder Capital stock. The shares were sold at an average price of $10.26, for a total value of $179,498.70.

Ladder Capital Stock Down 1.8%

NYSE LADR opened at $10.01 on Thursday. The stock has a fifty day moving average of $10.09 and a 200-day moving average of $10.53. The stock has a market capitalization of $1.27 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 0.91 and a beta of 0.95. Ladder Capital Corp has a 52 week low of $9.61 and a 52 week high of $11.92. The company has a debt-to-equity ratio of 2.79, a quick ratio of 58.90 and a current ratio of 58.90.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same period last year, the firm earned $0.20 EPS. On average, equities research analysts forecast that Ladder Capital Corp will post 0.78 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 9.2%. The ex-dividend date was Tuesday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 209.09%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Access Investment Management LLC lifted its holdings in Ladder Capital by 9.9% during the first quarter. Access Investment Management LLC now owns 483,796 shares of the real estate investment trust’s stock worth $4,727,000 after acquiring an additional 43,412 shares in the last quarter. Bank of America Corp DE lifted its holdings in Ladder Capital by 6.5% during the first quarter. Bank of America Corp DE now owns 460,298 shares of the real estate investment trust’s stock worth $4,497,000 after acquiring an additional 28,221 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Ladder Capital by 21.0% during the first quarter. Edgestream Partners L.P. now owns 307,558 shares of the real estate investment trust’s stock worth $3,005,000 after acquiring an additional 53,478 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Ladder Capital by 48,988.9% during the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 4,409 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Ladder Capital by 2.6% during the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock worth $399,000 after acquiring an additional 1,026 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Company Profile

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.