Stock analysts expect Ladder Capital Corp (NYSE:LADR – Get Rating) to report earnings of $0.18 per share for the current quarter, Zacks reports. Two analysts provided earnings estimates for Ladder Capital. The highest EPS estimate is $0.20 and the lowest is $0.16. Ladder Capital posted earnings of $0.04 per share in the same quarter last year, suggesting a positive growth rate of 350% year over year. The company is due to release its next earnings report on Thursday, May 5.
According to Zacks, analysts expect Ladder Capital to report annual earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $1.08. Zacks EPS averages are an average based on a survey of research companies that provide coverage for Ladder Capital.
Ladder Capital (NYSE:LADR – Get Rating) last released its quarterly earnings data on Wednesday, February 9. The real estate investment trust reported EPS of $0.21 for the quarter, beating the consensus estimate of $0.15 by $0.06. Ladder Capital had a return on equity of 3.03% and a net margin of 15.78%. In the same period a year earlier, the company posted ($0.10) earnings per share.
Several brokerages have recently published reports on LADR. BTIG Research reaffirmed a “buy” rating and set a price target of $13.50 on shares of Ladder Capital in a Friday, February 11 report. TheStreet upgraded Ladder Capital from a “c” rating to a “b-” rating in a Thursday, February 10 research report. StockNews.com upgraded Ladder Capital from a “hold” rating to a “buy” rating in a Friday, Feb. 11 research report. Finally, Zacks Investment Research downgraded Ladder Capital from a “hold” rating to a “sell” rating in a Wednesday, January 26 research report. Two analysts rated the stock with a sell rating, four gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $13.13.
Shares of Ladder Capital rose $0.25 during Friday trading hours, hitting $11.42. 749,371 shares of hands traded against its average volume of 641,160. Ladder Capital has a 1-year low of $10.48 and a 1-year high of $12.65. The company has a quick ratio of 94.17, a current ratio of 103.29 and a leverage ratio of 2.79. The company has a market capitalization of $1.46 billion, a price-earnings ratio of 25.38 and a beta of 2.09. The company has a 50-day moving average price of $11.84 and a 200-day moving average price of $11.66.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 18. Shareholders of record on Friday, December 31 received a dividend of $0.20. The ex-dividend date was Thursday, December 30. This represents an annualized dividend of $0.80 and a dividend yield of 7.01%. Ladder Capital’s dividend payout ratio (DPR) is currently 177.78%.
A number of institutional investors have recently changed their positions in LADR. State Street Corp increased its stake in shares of Ladder Capital by 11.3% in the second quarter. State Street Corp now owns 2,284,897 shares of the REIT valued at $26,820,000 after buying an additional 232,601 shares last quarter. Nisa Investment Advisors LLC increased its stake in Ladder Capital by 11.3% during Q3. Nisa Investment Advisors LLC now owns 109,205 shares of the real estate investment trust worth $1,207,000 after purchasing an additional 11,067 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings of Ladder Capital shares by 5.4% in Q2. Price T Rowe Associates Inc. MD now owns 40,569 shares of the real estate investment trust worth $468,000 after buying 2,080 additional shares in the last quarter. Catalyst Capital Advisors LLC increased its equity stake in Ladder Capital by 29.2% in Q3. Catalyst Capital Advisors LLC now owns 5,260 shares of the real estate investment trust worth $58,000 after buying 1,190 additional shares in the last quarter. Finally, Putnam Investments LLC increased its stake in Ladder Capital shares by 2.3% in the third quarter. Putnam Investments LLC now owns 305,660 shares of the real estate investment trust valued at $3,378,000 after purchasing an additional 6,760 shares in the last quarter. Hedge funds and other institutional investors hold 56.42% of the company’s shares.
About Ladder Capital (Get an evaluation)
Ladder Capital Corp. is a holding company that provides commercial real estate financing services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Others. The loans segment includes mortgages held for investment and mortgages held for sale.
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