Somewhat Positive Media Coverage Somewhat Unlikely to Impact Ladder Capital Corp (LADR) Share Price
Media coverage about Ladder Capital Corp (NASDAQ:LADR) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ladder Capital Corp earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.2172079581114 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $16.00 price target on shares of Ladder Capital Corp in a research report on Friday, August 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $15.67.
Ladder Capital Corp (NASDAQ:LADR) remained flat at $13.61 during mid-day trading on Friday. 621,133 shares of the stock were exchanged. Ladder Capital Corp has a one year low of $12.14 and a one year high of $15.53. The firm has a 50 day moving average price of $13.52 and a 200-day moving average price of $13.96. The company has a market cap of $1.17 billion and a price-to-earnings ratio of 11.90.
Ladder Capital Corp (NASDAQ:LADR) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The business had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. During the same period last year, the company posted $0.32 EPS. The business’s revenue was up 32.9% on a year-over-year basis. Analysts expect that Ladder Capital Corp will post $1.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be paid a $0.30 dividend. The ex-dividend date is Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.82%.
In other Ladder Capital Corp news, CEO Brian Harris acquired 10,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $13.41 per share, with a total value of $134,100.00. Following the purchase, the chief executive officer now directly owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
COPYRIGHT VIOLATION WARNING: This piece was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/23/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-ladder-capital-corp-ladr-share-price.html.
About Ladder Capital Corp
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).
Receive News & Ratings for Ladder Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital Corp and related companies with MarketBeat.com's FREE daily email newsletter.