Ladder Capital Corp (NYSE:LADR) Expected to Post Earnings of $0.07 Per Share

Wall Street analysts expect that Ladder Capital Corp (NYSE:LADR) will announce earnings of $0.07 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ladder Capital’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.09. Ladder Capital posted earnings per share of $0.43 during the same quarter last year, which would indicate a negative year over year growth rate of 83.7%. The business is scheduled to report its next earnings results 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 financial year, with EPS estimates ranging from $0.55 to $0.72. For the next financial year, analysts expect that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.80 to $1.08. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ladder Capital.

Ladder Capital (NYSE:LADR) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.26 earnings per share 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 the consensus estimate of $31.41 million.

A number of equities research analysts have commented on LADR shares. Zacks Investment Research lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Wednesday, June 10th. B. Riley reissued a “buy” rating and set a $11.00 price objective on shares of Ladder Capital in a report on Friday, May 29th. Deutsche Bank raised shares of Ladder Capital from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Monday, March 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Ladder Capital from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ladder Capital from $18.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.66.

NYSE:LADR traded up $0.19 during mid-day trading on Wednesday, reaching $8.07. 546,112 shares of the company were exchanged, compared to its average volume of 1,821,530. Ladder Capital has a 12 month low of $2.65 and a 12 month high of $18.97. The company has a fifty day moving average of $8.04 and a 200 day moving average of $12.36. The company has a quick ratio of 108.52, a current ratio of 108.52 and a debt-to-equity ratio of 3.79. The stock has a market cap of $976.54 million, a PE ratio of 10.22 and a beta of 2.36.

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

Institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new stake in shares of Ladder Capital in the 4th quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ladder Capital by 31.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,709 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,600 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Ladder Capital in the 4th quarter valued at approximately $64,000. Optimum Investment Advisors raised its position in shares of Ladder Capital by 166.7% in the 1st quarter. Optimum Investment Advisors now owns 17,600 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 11,000 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV raised its position in shares of Ladder Capital by 32.4% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 17,936 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 4,389 shares during the period. Institutional investors own 48.05% of the company’s stock.

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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