Brokerages Expect Ladder Capital Corp (NYSE:LADR) to Announce $0.07 EPS

Brokerages expect Ladder Capital Corp (NYSE:LADR) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Ladder Capital’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.09. Ladder Capital reported earnings of $0.43 per share in the same quarter last year, which would indicate a negative year over year growth rate of 83.7%. The company is expected to issue its next quarterly earnings report on Wednesday, July 29th.

According to Zacks, analysts expect that Ladder Capital will report full year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.72. For the next year, analysts forecast that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.80 to $1.08. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Ladder Capital.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.06). Ladder Capital had a return on equity of 9.46% and a net margin of 18.39%. The firm had revenue of $50.19 million during the quarter, compared to analyst estimates of $31.41 million.

A number of research analysts have weighed in on LADR shares. Raymond James decreased their target price on shares of Ladder Capital from $20.00 to $11.50 and set a “strong-buy” rating on the stock in a research note on Monday, April 13th. JMP Securities decreased their target price on shares of Ladder Capital from $19.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, April 3rd. JPMorgan Chase & Co. decreased their target price on shares of Ladder Capital from $18.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Zacks Investment Research lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, June 10th. Finally, B. Riley reissued a “buy” rating and issued a $11.00 target price on shares of Ladder Capital in a research note on Friday, May 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.66.

LADR stock traded up $0.19 during trading on Wednesday, hitting $8.07. The stock had a trading volume of 546,112 shares, compared to its average volume of 1,821,530. The company has a debt-to-equity ratio of 3.79, a current ratio of 108.52 and a quick ratio of 108.52. Ladder Capital has a twelve month low of $2.65 and a twelve month high of $18.97. The stock has a market capitalization of $976.54 million, a P/E ratio of 10.22 and a beta of 2.36. The company’s 50-day moving average price is $8.04 and its two-hundred day moving average price is $12.36.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.91%. The ex-dividend date of this dividend is Tuesday, June 9th. Ladder Capital’s payout ratio is presently 55.17%.

Hedge funds have recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of Ladder Capital during the 4th quarter valued at approximately $31,000. Sunbelt Securities Inc. purchased a new stake in Ladder Capital in the fourth quarter valued at approximately $8,035,000. Tower Research Capital LLC TRC purchased a new stake in Ladder Capital in the fourth quarter valued at approximately $64,000. FMR LLC raised its position in Ladder Capital by 64.3% in the fourth quarter. FMR LLC now owns 6,321 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 2,474 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ladder Capital by 31.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,709 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,600 shares during the period. 48.05% of the stock is currently owned by hedge funds and other institutional investors.

About Ladder Capital

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.

Read More: Guidelines for Successful Channel Trading

Get a free copy of the Zacks research report on Ladder Capital (LADR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.