Equities analysts expect Ladder Capital Corp (NYSE:LADR) to report $78.35 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ladder Capital’s earnings, with estimates ranging from $74.30 million to $82.39 million. Ladder Capital posted sales of $126.10 million during the same quarter last year, which suggests a negative year over year growth rate of 37.9%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Ladder Capital will report full-year sales of $407.66 million for the current fiscal year, with estimates ranging from $404.92 million to $410.40 million. For the next financial year, analysts expect that the business will post sales of $335.16 million, with estimates ranging from $328.60 million to $341.72 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Ladder Capital.
Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. Ladder Capital had a return on equity of 13.85% and a net margin of 31.29%. The business had revenue of $135.10 million for the quarter, compared to the consensus estimate of $72.17 million. During the same period in the prior year, the business posted $0.35 earnings per share.
LADR has been the topic of several analyst reports. Zacks Investment Research raised Ladder Capital from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Saturday, December 29th. B. Riley set a $18.00 target price on Ladder Capital and gave the company a “buy” rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. cut Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.69.
NYSE LADR traded down $0.09 during trading hours on Thursday, hitting $16.43. 821,662 shares of the company were exchanged, compared to its average volume of 719,729. The company has a debt-to-equity ratio of 3.06, a current ratio of 74.92 and a quick ratio of 74.92. Ladder Capital has a 52 week low of $13.70 and a 52 week high of $17.96. The stock has a market capitalization of $1.84 billion, a P/E ratio of 12.08 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Monday, December 10th will be paid a $0.57 dividend. The ex-dividend date is Friday, December 7th. This represents a $2.28 annualized dividend and a yield of 13.88%. This is a boost from Ladder Capital’s previous quarterly dividend of $0.33. Ladder Capital’s dividend payout ratio is 100.00%.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Ladder Capital in the third quarter worth approximately $159,000. C M Bidwell & Associates Ltd. lifted its holdings in Ladder Capital by 348.9% during the third quarter. C M Bidwell & Associates Ltd. now owns 11,740 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 9,125 shares during the period. Legal & General Group Plc lifted its holdings in Ladder Capital by 18.4% during the third quarter. Legal & General Group Plc now owns 15,964 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 2,480 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Ladder Capital by 31.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 17,197 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 4,100 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in Ladder Capital during the third quarter worth $308,000. 52.34% of the stock is currently owned by institutional investors.
Ladder Capital Company Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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