Analysts Expect Ladder Capital Corp (LADR) Will Post Earnings of $0.43 Per Share

Wall Street analysts predict that Ladder Capital Corp (NYSE:LADR) will post earnings per share of $0.43 for the current quarter, Zacks reports. Two analysts have provided estimates for Ladder Capital’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.44. Ladder Capital reported earnings per share of $0.47 during the same quarter last year, which suggests a negative year-over-year growth rate of 8.5%. The firm is expected to report its next earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Ladder Capital will report full year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $2.01. For the next financial year, analysts forecast that the business will report earnings of $1.78 per share, with EPS estimates ranging from $1.72 to $1.82. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Ladder Capital.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.18. The business had revenue of $135.10 million during the quarter, compared to analyst estimates of $72.17 million. Ladder Capital had a return on equity of 13.85% and a net margin of 31.29%. During the same period last year, the company earned $0.35 EPS.

Several equities research analysts have recently issued reports on the company. B. Riley set a $18.00 price objective on Ladder Capital and gave the company a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered Ladder Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, JPMorgan Chase & Co. lowered Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.44.

Several hedge funds have recently modified their holdings of LADR. BlackRock Inc. increased its holdings in Ladder Capital by 24.8% during the 2nd quarter. BlackRock Inc. now owns 8,783,634 shares of the real estate investment trust’s stock worth $137,203,000 after purchasing an additional 1,746,882 shares during the period. Vanguard Group Inc. increased its holdings in shares of Ladder Capital by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,784,024 shares of the real estate investment trust’s stock valued at $131,861,000 after acquiring an additional 145,880 shares during the period. Vanguard Group Inc increased its holdings in shares of Ladder Capital by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 7,784,024 shares of the real estate investment trust’s stock valued at $131,861,000 after acquiring an additional 145,880 shares during the period. Prudential Financial Inc. increased its holdings in shares of Ladder Capital by 2.9% in the 3rd quarter. Prudential Financial Inc. now owns 3,611,732 shares of the real estate investment trust’s stock valued at $61,183,000 after acquiring an additional 102,597 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Ladder Capital by 27,444.7% in the 3rd quarter. LSV Asset Management now owns 1,762,862 shares of the real estate investment trust’s stock valued at $29,862,000 after acquiring an additional 1,756,462 shares during the period. 52.31% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:LADR traded down $0.12 during trading on Tuesday, hitting $16.52. The company had a trading volume of 699,333 shares, compared to its average volume of 757,879. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 12.15 and a beta of 0.90. Ladder Capital has a one year low of $13.70 and a one year high of $17.96. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Monday, December 10th will be paid a dividend of $0.57 per share. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.33. This represents a $2.28 dividend on an annualized basis and a dividend yield of 13.80%. The ex-dividend date is Friday, December 7th. Ladder Capital’s dividend payout ratio (DPR) is currently 100.00%.

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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