Equities analysts expect Ladder Capital Corp (NYSE:LADR) to report $0.40 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ladder Capital’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.40. Ladder Capital reported earnings of $0.45 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The firm is expected to issue its next earnings results on Wednesday, February 26th.
On average, analysts expect that Ladder Capital will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.60 to $1.62. For the next fiscal year, analysts anticipate that the company will report earnings of $1.66 per share, with EPS estimates ranging from $1.63 to $1.71. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Ladder Capital.
Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $72.31 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue was down 44.7% compared to the same quarter last year.
Several research analysts have commented on the company. Zacks Investment Research lowered Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. Compass Point started coverage on Ladder Capital in a research report on Monday. They issued a “buy” rating and a $19.10 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Ladder Capital presently has an average rating of “Hold” and a consensus price target of $18.87.
Institutional investors and hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY boosted its stake in shares of Ladder Capital by 15.9% in the third quarter. Metropolitan Life Insurance Co NY now owns 34,022 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 4,663 shares during the period. Squarepoint Ops LLC increased its stake in Ladder Capital by 62.1% during the 3rd quarter. Squarepoint Ops LLC now owns 17,085 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 6,545 shares during the period. Voloridge Investment Management LLC increased its stake in Ladder Capital by 622.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 151,166 shares of the real estate investment trust’s stock worth $2,611,000 after buying an additional 130,238 shares during the period. Barclays PLC increased its stake in Ladder Capital by 18.7% during the 3rd quarter. Barclays PLC now owns 81,335 shares of the real estate investment trust’s stock worth $1,405,000 after buying an additional 12,827 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Ladder Capital by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 161,151 shares of the real estate investment trust’s stock worth $2,783,000 after buying an additional 1,917 shares in the last quarter. Institutional investors own 50.15% of the company’s stock.
NYSE LADR traded up $0.33 during trading hours on Friday, hitting $17.77. The company had a trading volume of 1,463,297 shares, compared to its average volume of 675,228. Ladder Capital has a fifty-two week low of $14.75 and a fifty-two week high of $18.82. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 9.11 and a beta of 0.97. The company has a debt-to-equity ratio of 2.97, a current ratio of 77.18 and a quick ratio of 77.18. The firm’s 50 day moving average is $17.17 and its 200 day moving average is $16.85.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 10th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend is Monday, December 9th. Ladder Capital’s dividend payout ratio (DPR) is 69.74%.
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.
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