$76.29 Million in Sales Expected for Ladder Capital Corp (LADR) This Quarter
Brokerages expect Ladder Capital Corp (NYSE:LADR) to post $76.29 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Ladder Capital’s earnings, with estimates ranging from $74.30 million to $78.28 million. Ladder Capital reported sales of $126.10 million in the same quarter last year, which indicates a negative year over year growth rate of 39.5%. The business is expected to announce its next quarterly earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that Ladder Capital will report full year sales of $380.17 million for the current financial year, with estimates ranging from $349.94 million to $410.40 million. For the next financial year, analysts anticipate that the business will report sales of $322.29 million, with estimates ranging from $315.98 million to $328.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Ladder Capital.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.18. The business had revenue of $135.10 million for the quarter, compared to analyst estimates of $72.17 million. Ladder Capital had a return on equity of 13.85% and a net margin of 31.29%. During the same quarter in the prior year, the company earned $0.35 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LADR. LSV Asset Management boosted its stake in shares of Ladder Capital by 27,444.7% during the third quarter. LSV Asset Management now owns 1,762,862 shares of the real estate investment trust’s stock worth $29,862,000 after buying an additional 1,756,462 shares during the period. BlackRock Inc. boosted its stake in shares of Ladder Capital by 24.8% during the second quarter. BlackRock Inc. now owns 8,783,634 shares of the real estate investment trust’s stock worth $137,203,000 after buying an additional 1,746,882 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Ladder Capital during the third quarter worth about $15,686,000. ClariVest Asset Management LLC acquired a new stake in shares of Ladder Capital during the second quarter worth about $4,638,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Ladder Capital during the third quarter worth about $4,927,000. Institutional investors own 52.29% of the company’s stock.
NYSE:LADR traded down $0.34 during trading hours on Friday, hitting $17.53. The company’s stock had a trading volume of 1,356,961 shares, compared to its average volume of 1,409,678. The firm has a market capitalization of $1.96 billion, a PE ratio of 12.89 and a beta of 0.87. The company has a debt-to-equity ratio of 3.06, a current ratio of 74.92 and a quick ratio of 74.92. Ladder Capital has a 52-week low of $13.40 and a 52-week high of $17.90.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Monday, December 10th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 13.01%. The ex-dividend date is Friday, December 7th. This is an increase from Ladder Capital’s previous quarterly dividend of $0.33. Ladder Capital’s dividend payout ratio is currently 95.59%.
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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