Ladder Capital Corp (NYSE:LADR) Director Mark David Alexander Sells 30,000 Shares

Ladder Capital Corp (NYSE:LADR) Director Mark David Alexander sold 30,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $10.93, for a total transaction of $327,900.00. Following the completion of the sale, the director owned 56,024 shares in the company, valued at approximately $612,342.32. This trade represents a 34.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 1st, Mark David Alexander sold 26,795 shares of Ladder Capital stock. The shares were sold at an average price of $10.86, for a total transaction of $290,993.70.
• On Wednesday, July 30th, Mark David Alexander sold 34,587 shares of Ladder Capital stock. The shares were sold at an average price of $11.12, for a total transaction of $384,607.44.

Ladder Capital Trading Down 0.5%

Shares of LADR stock opened at $10.87 on Friday. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month 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. The firm’s 50 day moving average is $10.82 and its 200 day moving average is $10.95. The stock has a market capitalization of $1.39 billion, a P/E ratio of 15.53, a P/E/G ratio of 3.21 and a beta of 1.03.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. The company had revenue of $56.26 million for the quarter, compared to analysts’ expectations of $58.57 million. During the same quarter last year, the company 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 annualized dividend and a yield of 8.5%. Ladder Capital’s dividend payout ratio (DPR) is currently 131.43%.

Institutional Investors Weigh In On Ladder Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its holdings in Ladder Capital by 7.6% in the first quarter. Mackenzie Financial Corp now owns 20,785 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 1,473 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Ladder Capital by 2.9% in the first quarter. Nisa Investment Advisors LLC now owns 61,118 shares of the real estate investment trust’s stock worth $712,000 after acquiring an additional 1,741 shares during the period. Aviso Wealth Management raised its position in Ladder Capital by 1.4% in the first quarter. Aviso Wealth Management now owns 128,485 shares of the real estate investment trust’s stock worth $1,466,000 after acquiring an additional 1,812 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Ladder Capital by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust’s stock worth $563,000 after acquiring an additional 2,251 shares during the period. Finally, CWM LLC raised its position 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 worth $41,000 after acquiring an additional 2,499 shares during the period. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Wall Street Zen cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday, July 26th.

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.