Ladder Capital Corp (NYSE:LADR) President Sells $246,400.00 in Stock

Ladder Capital Corp (NYSE:LADR) President Pamela Mccormack sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $12.32, for a total value of $246,400.00. Following the completion of the transaction, the president now owns 609,561 shares in the company, valued at $7,509,791.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pamela Mccormack also recently made the following trade(s):

  • On Monday, April 5th, Pamela Mccormack sold 25,000 shares of Ladder Capital stock. The shares were sold at an average price of $11.86, for a total value of $296,500.00.

NYSE LADR opened at $12.22 on Friday. The firm’s 50 day moving average price is $11.68. Ladder Capital Corp has a one year low of $6.33 and a one year high of $12.65. The company has a quick ratio of 129.93, a current ratio of 129.93 and a debt-to-equity ratio of 2.46. The company has a market cap of $1.55 billion, a P/E ratio of 39.42 and a beta of 2.25.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, May 6th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). Ladder Capital had a net margin of 0.46% and a return on equity of 1.04%. On average, equities analysts expect that Ladder Capital Corp will post 0.12 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 6.55%. Ladder Capital’s dividend payout ratio is presently 258.06%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Ladder Capital by 8.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,000,492 shares of the real estate investment trust’s stock worth $11,807,000 after purchasing an additional 81,059 shares during the period. Visionary Wealth Advisors raised its position in Ladder Capital by 30.4% in the 1st quarter. Visionary Wealth Advisors now owns 30,475 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 7,100 shares during the period. Paloma Partners Management Co bought a new position in shares of Ladder Capital during the first quarter valued at approximately $171,000. Millennium Management LLC raised its holdings in shares of Ladder Capital by 111.8% in the first quarter. Millennium Management LLC now owns 411,260 shares of the real estate investment trust’s stock worth $4,853,000 after buying an additional 217,061 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Ladder Capital by 2,558.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 154,200 shares of the real estate investment trust’s stock worth $1,820,000 after acquiring an additional 148,400 shares during the last quarter. 53.75% of the stock is currently owned by institutional investors and hedge funds.

LADR has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Ladder Capital from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Monday, April 26th. Raymond James boosted their price objective on shares of Ladder Capital from $12.50 to $14.00 and gave the company a “strong-buy” rating in a research report on Monday, May 10th. Wolfe Research raised Ladder Capital from an “underperform” rating to an “outperform” rating in a report on Tuesday, March 2nd. Zacks Investment Research upgraded Ladder Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 4th. Finally, B. Riley reaffirmed a “buy” rating on shares of Ladder Capital in a research report on Monday, April 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.63.

About Ladder Capital

Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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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Insider Buying and Selling by Quarter for Ladder Capital (NYSE:LADR)

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