Q1 2018 EPS Estimates for Ladder Capital Corp Decreased by B. Riley (LADR)
Ladder Capital Corp (NYSE:LADR) – Analysts at B. Riley cut their Q1 2018 EPS estimates for shares of Ladder Capital in a research report issued on Thursday. B. Riley analyst J. Levi-Ribner now expects that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their prior forecast of $0.36. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Ladder Capital’s Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.41 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.34 EPS and Q4 2019 earnings at $0.40 EPS.
Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Ladder Capital had a return on equity of 9.78% and a net margin of 27.38%. The firm had revenue of $69.30 million for the quarter, compared to analyst estimates of $59.05 million. During the same period last year, the company earned $0.40 earnings per share.
Shares of Ladder Capital (NYSE:LADR) opened at $13.59 on Friday. The firm has a market capitalization of $1,510.00, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The company has a quick ratio of 77.86, a current ratio of 77.86 and a debt-to-equity ratio of 2.86. Ladder Capital has a 52-week low of $12.82 and a 52-week high of $15.23.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 9.27%. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 8th. Ladder Capital’s dividend payout ratio (DPR) is 144.83%.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Ladder Capital by 44.3% during the second quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock valued at $95,416,000 after purchasing an additional 2,183,991 shares during the period. Vanguard Group Inc. increased its holdings in shares of Ladder Capital by 14.3% during the second quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock valued at $76,459,000 after purchasing an additional 712,583 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Ladder Capital by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 1,362,191 shares of the real estate investment trust’s stock valued at $18,268,000 after purchasing an additional 3,763 shares during the period. State Street Corp increased its holdings in shares of Ladder Capital by 50.6% during the second quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock valued at $16,219,000 after purchasing an additional 406,141 shares during the period. Finally, Northern Trust Corp grew its holdings in Ladder Capital by 46.2% during the second quarter. Northern Trust Corp now owns 818,565 shares of the real estate investment trust’s stock worth $10,978,000 after acquiring an additional 258,754 shares during the period. 46.18% of the stock is currently owned by institutional investors.
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About Ladder Capital
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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