Ladder Capital Corp (LADR) Expected to Announce Earnings of $0.41 Per Share
Equities analysts predict that Ladder Capital Corp (NYSE:LADR) will post earnings of $0.41 per share for the current quarter, according to Zacks. Two analysts have made estimates for Ladder Capital’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.40. Ladder Capital reported earnings of $0.35 per share in the same quarter last year, which indicates a positive year over year growth rate of 17.1%. The business is expected to announce its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that Ladder Capital will report full year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.78 to $1.87. For the next fiscal year, analysts anticipate that the business will post earnings of $1.77 per share, with EPS estimates ranging from $1.69 to $1.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Ladder Capital.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. Ladder Capital had a return on equity of 12.43% and a net margin of 27.91%. The firm had revenue of $83.19 million during the quarter, compared to the consensus estimate of $75.40 million.
NYSE LADR traded down $0.24 during trading hours on Wednesday, hitting $16.65. The company had a trading volume of 730,500 shares, compared to its average volume of 1,106,899. Ladder Capital has a fifty-two week low of $13.23 and a fifty-two week high of $17.53. The company has a market cap of $1.90 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.99 and a beta of 0.97. The company has a current ratio of 66.13, a quick ratio of 66.13 and a debt-to-equity ratio of 3.11.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be given a dividend of $0.325 per share. The ex-dividend date is Friday, September 14th. This represents a $1.30 annualized dividend and a dividend yield of 7.81%. Ladder Capital’s payout ratio is 95.59%.
Several hedge funds have recently modified their holdings of LADR. BlackRock Inc. lifted its holdings in Ladder Capital by 24.8% in the second quarter. BlackRock Inc. now owns 8,783,634 shares of the real estate investment trust’s stock worth $137,203,000 after acquiring an additional 1,746,882 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Ladder Capital by 1,171.1% in the first quarter. Citadel Advisors LLC now owns 2,318,815 shares of the real estate investment trust’s stock worth $34,968,000 after acquiring an additional 2,136,382 shares during the last quarter. Indaba Capital Management L.P. bought a new position in Ladder Capital in the first quarter worth about $34,685,000. UBS Group AG raised its holdings in shares of Ladder Capital by 13.7% during the first quarter. UBS Group AG now owns 2,223,967 shares of the real estate investment trust’s stock valued at $33,538,000 after buying an additional 267,731 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in shares of Ladder Capital by 30.5% during the second quarter. Advisors Capital Management LLC now owns 1,012,384 shares of the real estate investment trust’s stock valued at $15,813,000 after buying an additional 236,780 shares during the last quarter. 52.58% of the stock is currently owned by institutional investors and hedge funds.
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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