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