Zacks: Brokerages Anticipate Ladder Capital Corp (LADR) to Announce $0.43 EPS

Equities analysts expect that Ladder Capital Corp (NYSE:LADR) will post earnings per share (EPS) of $0.43 for the current quarter, according to Zacks. Two analysts have made estimates for Ladder Capital’s earnings, with estimates ranging from $0.42 to $0.45. Ladder Capital posted earnings per share of $0.47 in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.5%. The firm is scheduled to issue its next earnings results on Tuesday, February 26th.

On average, analysts expect that Ladder Capital will report full-year earnings of $1.93 per share for the current financial year, with EPS estimates ranging from $1.84 to $2.01. For the next year, analysts expect that the business will post earnings of $1.79 per share, with EPS estimates ranging from $1.73 to $1.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Ladder Capital.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.41 by $0.18. Ladder Capital had a net margin of 31.29% and a return on equity of 13.85%. The company had revenue of $135.10 million during the quarter, compared to analysts’ expectations of $72.17 million. During the same quarter in the previous year, the company earned $0.35 EPS.

LADR has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. B. Riley set a $18.00 price objective on shares of Ladder Capital and gave the company a “buy” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. cut shares of Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, JMP Securities boosted their price objective on shares of Ladder Capital from $17.00 to $17.50 and gave the company a “market outperform” rating in a report on Monday, August 6th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Ladder Capital presently has a consensus rating of “Buy” and an average price target of $17.81.

Shares of NYSE:LADR traded up $0.11 during trading on Friday, hitting $17.76. 11,177 shares of the company’s stock were exchanged, compared to its average volume of 1,409,678. Ladder Capital has a 1-year low of $13.40 and a 1-year high of $17.90. The company has a debt-to-equity ratio of 3.06, a current ratio of 74.92 and a quick ratio of 74.92. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 13.00 and a beta of 0.87.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Monday, December 10th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 12.84%. The ex-dividend date of this dividend is Friday, December 7th. This is a boost from Ladder Capital’s previous quarterly dividend of $0.33. Ladder Capital’s dividend payout ratio is 95.59%.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Ladder Capital in the third quarter valued at approximately $159,000. Private Advisor Group LLC bought a new stake in shares of Ladder Capital in the second quarter worth $157,000. C M Bidwell & Associates Ltd. lifted its position in shares of Ladder Capital by 348.9% in 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 purchasing an additional 9,125 shares in the last quarter. Guggenheim Capital LLC bought a new stake in shares of Ladder Capital in the first quarter worth $181,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Ladder Capital in the second quarter worth $205,000. Institutional investors own 52.29% 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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