Wall Street brokerages expect Ladder Capital Corp (NYSE:LADR) to report earnings of $0.42 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ladder Capital’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.44. Ladder Capital posted earnings of $0.45 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.7%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, July 30th.
On average, analysts expect that Ladder Capital will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.72. For the next financial year, analysts forecast that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.65 to $1.81. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Ladder Capital.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. Ladder Capital had a return on equity of 12.25% and a net margin of 27.90%. The business had revenue of $68.37 million for the quarter, compared to analysts’ expectations of $78.38 million. During the same period last year, the firm earned $0.55 earnings per share.
A number of analysts have weighed in on the company. Deutsche Bank cut Ladder Capital from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. ValuEngine raised Ladder Capital from a “hold” rating to a “buy” rating in a report on Monday, February 25th. TheStreet raised Ladder Capital from a “c” rating to a “b” rating in a report on Thursday, March 7th. Finally, Zacks Investment Research lowered Ladder Capital from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Ladder Capital presently has an average rating of “Hold” and a consensus price target of $18.10.
In other news, President Pamela Mccormack acquired 1,600 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average price of $16.03 per share, with a total value of $25,648.00. Following the completion of the acquisition, the president now owns 523,965 shares in the company, valued at approximately $8,399,158.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LADR. Rhumbline Advisers grew its holdings in shares of Ladder Capital by 52.9% during the fourth quarter. Rhumbline Advisers now owns 132,123 shares of the real estate investment trust’s stock worth $2,044,000 after buying an additional 45,708 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Ladder Capital by 21.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 15,462 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 2,766 shares during the last quarter. Boston Partners grew its holdings in shares of Ladder Capital by 34.9% during the fourth quarter. Boston Partners now owns 321,880 shares of the real estate investment trust’s stock worth $4,979,000 after buying an additional 83,240 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Ladder Capital during the fourth quarter worth about $263,000. Finally, Stockman Wealth Management Inc. grew its holdings in shares of Ladder Capital by 33.0% during the fourth quarter. Stockman Wealth Management Inc. now owns 36,300 shares of the real estate investment trust’s stock worth $562,000 after buying an additional 9,000 shares during the last quarter. 50.97% of the stock is currently owned by hedge funds and other institutional investors.
Ladder Capital stock traded down $0.15 during midday trading on Monday, reaching $16.51. The company’s stock had a trading volume of 550,180 shares, compared to its average volume of 774,807. Ladder Capital has a fifty-two week low of $14.75 and a fifty-two week high of $18.82. The company has a current ratio of 106.07, a quick ratio of 106.07 and a debt-to-equity ratio of 2.87. The stock has a market cap of $2.00 billion, a P/E ratio of 8.47 and a beta of 0.96. The stock’s 50-day moving average is $16.38.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, June 7th. Ladder Capital’s payout ratio is 69.74%.
Ladder Capital Company Profile
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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