Ladder Capital Corp (LADR) Expected to Post Earnings of $0.39 Per Share
Equities analysts forecast that Ladder Capital Corp (NYSE:LADR) will report $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ladder Capital Corp’s earnings, with estimates ranging from $0.38 to $0.40. Ladder Capital Corp posted earnings per share of $0.37 during the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The firm is expected to issue its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Ladder Capital Corp will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.48. For the next fiscal year, analysts anticipate that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.50 to $1.63. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Ladder Capital Corp.
Ladder Capital Corp (NYSE:LADR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Ladder Capital Corp had a net margin of 27.38% and a return on equity of 9.78%. The business had revenue of $69.30 million during the quarter, compared to the consensus estimate of $59.05 million. During the same period last year, the business posted $0.40 EPS.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Monday, September 4th. BidaskClub upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 target price on shares of Ladder Capital Corp in a research note on Friday, September 22nd. Finally, B. Riley reiterated a “buy” rating on shares of Ladder Capital Corp in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Ladder Capital Corp has an average rating of “Hold” and an average target price of $16.17.
In other Ladder Capital Corp news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total transaction of $27,100,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.50% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Evercore Wealth Management LLC acquired a new stake in Ladder Capital Corp during the second quarter worth approximately $134,000. BNP Paribas Arbitrage SA lifted its position in Ladder Capital Corp by 833.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 9,106 shares during the last quarter. Legal & General Group Plc lifted its position in Ladder Capital Corp by 6.7% during the first quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 649 shares during the last quarter. Commonwealth Equity Services Inc acquired a new stake in Ladder Capital Corp during the third quarter worth approximately $153,000. Finally, Principal Financial Group Inc. acquired a new stake in Ladder Capital Corp during the second quarter worth approximately $156,000. Hedge funds and other institutional investors own 46.11% of the company’s stock.
Shares of Ladder Capital Corp (LADR) traded up $0.06 during trading hours on Tuesday, reaching $13.93. 397,265 shares of the company traded hands, compared to its average volume of 538,278. Ladder Capital Corp has a twelve month low of $12.82 and a twelve month high of $15.53. The firm has a market cap of $1,536.06, a P/E ratio of 10.12, a P/E/G ratio of 2.12 and a beta of 1.04. The company has a debt-to-equity ratio of 2.86, a current ratio of 77.86 and a quick ratio of 77.86.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 11th will be paid a $0.315 dividend. This is an increase from Ladder Capital Corp’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 9.05%. The ex-dividend date of this dividend is Friday, December 8th. Ladder Capital Corp’s dividend payout ratio (DPR) is 98.36%.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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