Ladder Capital Corp (NYSE:LADR) Expected to Announce Quarterly Sales of $77.81 Million

Brokerages forecast that Ladder Capital Corp (NYSE:LADR) will announce sales of $77.81 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ladder Capital’s earnings. The highest sales estimate is $83.25 million and the lowest is $74.99 million. Ladder Capital posted sales of $64.72 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.2%. The firm is expected to report its next earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Ladder Capital will report full year sales of $292.22 million for the current financial year, with estimates ranging from $289.30 million to $297.33 million. For the next financial year, analysts anticipate that the company will report sales of $321.91 million, with estimates ranging from $303.99 million to $351.44 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ladder Capital.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Ladder Capital had a net margin of 22.51% and a return on equity of 10.58%. The business had revenue of $69.05 million during the quarter, compared to analysts’ expectations of $72.31 million. During the same quarter last year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was down 44.7% compared to the same quarter last year.

A number of analysts recently weighed in on LADR shares. Compass Point initiated coverage on Ladder Capital in a research note on Monday. They issued a “buy” rating and a $19.10 price target on the stock. Zacks Investment Research downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.87.

Ladder Capital stock opened at $17.33 on Tuesday. The company has a debt-to-equity ratio of 2.97, a current ratio of 77.18 and a quick ratio of 77.18. Ladder Capital has a 1-year low of $14.75 and a 1-year high of $18.82. The company has a market cap of $2.07 billion, a PE ratio of 8.89 and a beta of 0.97. The stock’s 50 day moving average price is $17.14 and its 200 day moving average price is $16.83.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, December 9th. This represents a $1.36 dividend on an annualized basis and a yield of 7.85%. Ladder Capital’s payout ratio is 69.74%.

A number of institutional investors and hedge funds have recently bought and sold shares of LADR. Redhawk Wealth Advisors Inc. purchased a new stake in Ladder Capital during the second quarter worth $31,000. Point72 Asset Management L.P. purchased a new stake in Ladder Capital during the second quarter worth $35,000. Golden State Wealth Management LLC boosted its position in Ladder Capital by 252.9% during the third quarter. Golden State Wealth Management LLC now owns 2,089 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,497 shares in the last quarter. Lenox Wealth Advisors LLC purchased a new stake in Ladder Capital during the third quarter worth $45,000. Finally, Coastal Investment Advisors Inc. boosted its position in Ladder Capital by 220.6% during the second quarter. Coastal Investment Advisors Inc. now owns 5,129 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 3,529 shares in the last quarter. Institutional investors own 50.15% of the company’s stock.

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.

See Also: Derivative

Get a free copy of the Zacks research report on Ladder Capital (LADR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ladder Capital (NYSE:LADR)

Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.