Ladder Capital Corp (LADR) Expected to Announce Earnings of $0.39 Per Share
Wall Street analysts predict that Ladder Capital Corp (NYSE:LADR) will post earnings per share of $0.39 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ladder Capital’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. Ladder Capital posted earnings of $0.37 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The firm is expected to announce its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Ladder Capital 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 expect that the business will report earnings of $1.54 per share, with EPS estimates ranging from $1.50 to $1.63. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Ladder Capital.
Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $59.05 million. During the same period in the previous year, the business posted $0.40 earnings per share.
A number of research analysts recently issued reports on LADR shares. Zacks Investment Research cut Ladder Capital from a “hold” rating to a “sell” rating in a report on Monday, September 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $16.00 price target on shares of Ladder Capital in a report on Friday, September 22nd. ValuEngine raised Ladder Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, BidaskClub lowered Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ladder Capital has a consensus rating of “Buy” and an average price target of $16.17.
In related news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of Ladder Capital stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total value of $27,100,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.50% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of LADR. BlackRock Inc. grew its position in shares of Ladder Capital by 44.3% during the 2nd quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock worth $95,416,000 after buying an additional 2,183,991 shares during the period. Vanguard Group Inc. grew its position in shares of Ladder Capital by 14.3% in the 2nd 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. Boston Partners acquired a new position in shares of Ladder Capital in the 3rd quarter valued at approximately $8,944,000. Canada Pension Plan Investment Board acquired a new position in shares of Ladder Capital in the 2nd quarter valued at approximately $6,129,000. Finally, Prudential Financial Inc. grew its position in shares of Ladder Capital by 150.9% in the 3rd quarter. Prudential Financial Inc. now owns 677,531 shares of the real estate investment trust’s stock valued at $9,336,000 after purchasing an additional 407,530 shares during the period. Institutional investors own 46.34% of the company’s stock.
Ladder Capital (LADR) opened at $13.65 on Friday. 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 twelve month low of $12.82 and a twelve month high of $15.23. The stock has a market capitalization of $1,531.63, a PE ratio of 10.10, a P/E/G ratio of 2.11 and a beta of 1.03.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 11th will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 9.23%. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 8th. Ladder Capital’s dividend payout ratio (DPR) is presently 98.36%.
Ladder Capital 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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