Ladder Capital Corp to Post FY2017 Earnings of $1.36 Per Share, B. Riley Forecasts (LADR)
Ladder Capital Corp (NYSE:LADR) – Stock analysts at B. Riley boosted their FY2017 earnings estimates for Ladder Capital in a research report issued on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings of $1.36 per share for the year, up from their prior forecast of $1.31. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Ladder Capital’s Q4 2017 earnings at $0.40 EPS and FY2019 earnings at $1.46 EPS.
Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $69.30 million for the quarter, compared to analysts’ expectations of $59.05 million. Ladder Capital had a return on equity of 9.78% and a net margin of 27.38%. During the same period last year, the firm earned $0.40 earnings per share.
Shares of Ladder Capital (NYSE LADR) opened at $14.62 on Monday. The company has a quick ratio of 77.86, a current ratio of 77.86 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $1,620.00, a PE ratio of 16.80, a P/E/G ratio of 1.93 and a beta of 1.03. Ladder Capital has a 12 month low of $12.82 and a 12 month high of $15.23.
A number of institutional investors and hedge funds have recently modified their holdings of LADR. Schwab Charles Investment Management Inc. lifted its holdings in Ladder Capital by 50.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 329,902 shares of the real estate investment trust’s stock worth $4,424,000 after buying an additional 111,040 shares during the period. Rhumbline Advisers lifted its holdings in Ladder Capital by 58.3% in the second quarter. Rhumbline Advisers now owns 81,908 shares of the real estate investment trust’s stock worth $1,098,000 after buying an additional 30,161 shares during the period. Bank of New York Mellon Corp lifted its holdings in Ladder Capital by 39.0% in the second quarter. Bank of New York Mellon Corp now owns 322,253 shares of the real estate investment trust’s stock worth $4,322,000 after buying an additional 90,430 shares during the period. Legal & General Group Plc lifted its holdings in Ladder Capital by 69.9% in the second quarter. Legal & General Group Plc now owns 17,465 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 7,187 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in Ladder Capital by 833.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 9,106 shares during the period. Institutional investors and hedge funds own 46.18% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Monday, December 11th were issued a $0.315 dividend. The ex-dividend date of this dividend was Friday, December 8th. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 8.62%. Ladder Capital’s dividend payout ratio (DPR) is 144.83%.
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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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