Ladder Capital Corp (NYSE:LADR – Get Free Report) insider Robert Perelman sold 17,495 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $10.26, for a total value of $179,498.70. Following the completion of the sale, the insider directly owned 446,189 shares of the company’s stock, valued at $4,577,899.14. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $10.25, for a total value of $179,426.25.
Ladder Capital Price Performance
Ladder Capital stock opened at $10.20 on Wednesday. Ladder Capital Corp has a one year low of $9.61 and a one year high of $11.92. The business has a fifty day moving average price of $10.08 and a 200-day moving average price of $10.54. 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 firm has a market capitalization of $1.30 billion, a P/E ratio of 23.19, a PEG ratio of 0.90 and a beta of 0.95.
Ladder Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 209.09%.
Institutional Investors Weigh In On Ladder Capital
Large investors have recently added to or reduced their stakes in the business. Focus Partners Wealth purchased a new stake in Ladder Capital during the fourth quarter valued at about $7,989,000. M&T Bank Corp purchased a new stake in Ladder Capital during the fourth quarter valued at about $7,943,000. Goldman Sachs Group Inc. raised its position in Ladder Capital by 30.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,930,524 shares of the real estate investment trust’s stock valued at $32,206,000 after purchasing an additional 682,511 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in Ladder Capital during the second quarter valued at about $6,289,000. Finally, Russell Investments Group Ltd. raised its position in Ladder Capital by 148.2% during the third quarter. Russell Investments Group Ltd. now owns 923,588 shares of the real estate investment trust’s stock valued at $10,076,000 after purchasing an additional 551,478 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on LADR shares. Weiss Ratings lowered Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wall Street Zen raised Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Zacks Research lowered Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.75.
View Our Latest Analysis on Ladder Capital
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.
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