Ladder Capital (NYSE:LADR) Posts Earnings Results, Beats Estimates By $0.02 EPS

Ladder Capital (NYSE:LADR) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02, FiscalAI reports. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%. The business had revenue of $118.90 million for the quarter, compared to analyst estimates of $79.67 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis.

Ladder Capital Trading Up 3.6%

Shares of LADR stock traded up $0.31 on Friday, reaching $9.13. 2,918,827 shares of the stock were exchanged, compared to its average volume of 1,747,883. The stock has a market cap of $1.16 billion, a PE ratio of 21.75, a P/E/G ratio of 0.93 and a beta of 0.98. Ladder Capital has a one year low of $8.48 and a one year high of $11.48. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15. The stock has a 50 day moving average price of $9.44 and a 200 day moving average price of $9.82.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend was Wednesday, September 30th. Ladder Capital’s dividend payout ratio is 219.05%.

Key Ladder Capital News

Here are the key news stories impacting Ladder Capital this week:

• Positive Sentiment: Ladder reported $0.35 in distributable EPS, exceeding the $0.33 analyst consensus, while revenue reached $118.9 million versus estimates of $79.67 million. Revenue rose 16.1% year over year, and EPS increased from $0.25 in the prior-year quarter. Ladder Capital third-quarter earnings results
• Positive Sentiment: GAAP income before taxes was $67.3 million, or $0.53 per diluted share, and distributable earnings were $44.7 million, or $0.35 per share. The results reinforce the positive earnings surprise that drove the stock’s favorable reaction. Ladder Capital quarterly results press release
• Positive Sentiment: Analyst coverage highlighted the earnings beat; Zacks reported quarterly earnings of $0.38 per share versus its $0.24 consensus estimate, compared with $0.25 a year earlier. Zacks Ladder Capital earnings analysis
• Positive Sentiment: A Seeking Alpha analysis upgraded Ladder to “Strong Buy,” citing an approximately 10% yield and a significant discount to estimated value. This may support income-oriented investor demand, though it reflects an analyst opinion rather than company guidance. Seeking Alpha Ladder Capital Strong Buy analysis
• Neutral Sentiment: The headline GAAP profit was boosted by a one-time real estate gain, meaning investors should distinguish the unusual gain from recurring lending and real estate operating performance. RTTNews Ladder Capital profit report

Analyst Ratings Changes

A number of analysts have commented on the company. Zacks Research upgraded Ladder Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Keefe, Bruyette & Woods lowered their price objective on Ladder Capital from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Weiss Ratings cut shares of Ladder Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Bank of America restated a “neutral” rating and issued a $10.25 target price on shares of Ladder Capital in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.29.

Ladder Capital Company Profile

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.