According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “
Shares of Ladder Capital stock opened at $16.68 on Thursday. The firm has a 50-day simple moving average of $16.53. Ladder Capital has a 52 week low of $14.75 and a 52 week high of $18.82. The stock has a market capitalization of $2.00 billion, a P/E ratio of 8.55 and a beta of 0.97. The company has a quick ratio of 106.07, a current ratio of 106.07 and a debt-to-equity ratio of 2.87.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.40 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $78.38 million. During the same period in the previous year, the business earned $0.55 earnings per share. Analysts forecast that Ladder Capital will post 1.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 10th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.36 annualized dividend and a dividend yield of 8.15%. Ladder Capital’s payout ratio is 69.74%.
In other Ladder Capital news, President Pamela Mccormack acquired 1,600 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average cost of $16.03 per share, for a total transaction of $25,648.00. Following the completion of the transaction, the president now directly owns 523,965 shares of the company’s stock, valued at $8,399,158.95. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.00% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of Ladder Capital by 19.0% in the fourth quarter. Geode Capital Management LLC now owns 1,321,233 shares of the real estate investment trust’s stock worth $20,438,000 after buying an additional 210,632 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Ladder Capital by 0.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 173,428 shares of the real estate investment trust’s stock worth $2,952,000 after buying an additional 1,428 shares in the last quarter. American International Group Inc. lifted its position in shares of Ladder Capital by 5.3% in the fourth quarter. American International Group Inc. now owns 60,766 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 3,056 shares in the last quarter. Sage Capital Advisors llc lifted its position in shares of Ladder Capital by 8.7% in the first quarter. Sage Capital Advisors llc now owns 14,108 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 1,124 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Ladder Capital by 4,101.3% in the first quarter. PNC Financial Services Group Inc. now owns 87,807 shares of the real estate investment trust’s stock worth $1,495,000 after buying an additional 85,717 shares in the last quarter. Institutional investors own 50.99% of the company’s stock.
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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