Key Points
- Insider selling: Ladder Capital insider Robert Perelman sold 17,505 shares on June 2 at an average price of $10.25, totaling about $179,426. His stake fell by 3.92% after the transaction.
- Recent follow-up sale: Perelman also sold 17,495 shares on May 29 at $10.26 each, indicating a series of insider sales over consecutive trading sessions.
- Company snapshot: Ladder Capital recently reported quarterly EPS of $0.22, matching estimates, and continues to offer a 9.0% dividend yield. Analysts currently hold a consensus rating of Moderate Buy with a $12.75 price target.
Ladder Capital Corp (NYSE:LADR - Get Free Report) insider Robert Perelman sold 17,505 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total transaction of $179,426.25. Following the completion of the sale, the insider directly owned 428,684 shares of the company's stock, valued at approximately $4,394,011. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $179,498.70.
Ladder Capital Stock Performance
Ladder Capital stock opened at $10.20 on Wednesday. The firm has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $10.54. Ladder Capital Corp has a 1-year low of $9.61 and a 1-year high of $11.92. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 58.90. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 0.90 and a beta of 0.95.
Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. The business had revenue of $51.88 million during the quarter, compared to analysts' expectations of $57.03 million. During the same quarter in the prior year, the company posted $0.20 EPS. On average, analysts expect that Ladder Capital Corp will post 0.78 EPS for the current year.
Ladder Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 9.0%. Ladder Capital's dividend payout ratio is 209.09%.
Hedge Funds Weigh In On Ladder Capital
Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Ladder Capital by 63.8% in the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Ladder Capital by 500.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 2,500 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Ladder Capital in the 3rd quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new position in shares of Ladder Capital in the 3rd quarter worth approximately $35,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Ladder Capital in the 1st quarter worth approximately $33,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently weighed in on LADR shares. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $11.50 to $11.00 and set an "outperform" rating for the company in a research note on Wednesday, April 8th. Wall Street Zen raised shares of Ladder Capital from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Zacks Research cut shares of Ladder Capital from a "hold" rating to a "strong sell" rating in a research note on Monday, February 16th. Finally, Weiss Ratings lowered shares of Ladder Capital from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ladder Capital has a consensus rating of "Moderate Buy" and a consensus price target of $12.75.
Check Out Our Latest Analysis on LADR
About Ladder Capital
(
Get Free Report)
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.
Further Reading
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