Zacks: Brokerages Expect Ladder Capital Corp (LADR) Will Announce Quarterly Sales of $75.94 Million

Equities analysts predict that Ladder Capital Corp (NYSE:LADR) will report $75.94 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Ladder Capital’s earnings. The highest sales estimate is $78.28 million and the lowest is $73.60 million. Ladder Capital reported sales of $126.10 million during the same quarter last year, which would suggest a negative year over year growth rate of 39.8%. The business is expected to announce its next quarterly earnings results on Tuesday, February 26th.

On average, analysts expect that Ladder Capital will report full year sales of $379.82 million for the current year, with estimates ranging from $349.94 million to $409.70 million. For the next fiscal year, analysts forecast that the business will report sales of $314.14 million, with estimates ranging from $312.30 million to $315.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Ladder Capital.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 last year, the business posted $0.35 EPS.

A number of research analysts have recently issued reports on LADR shares. JPMorgan Chase & Co. lifted their price target on Ladder Capital from $15.00 to $17.00 and gave the company a “$16.11” rating in a report on Monday, July 23rd. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, July 25th. Deutsche Bank lifted their price target on Ladder Capital from $16.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. JMP Securities lifted their price target on Ladder Capital from $17.00 to $17.50 and gave the company a “market outperform” rating in a report on Monday, August 6th. Finally, B. Riley lifted their price target on Ladder Capital from $16.00 to $17.50 and gave the company a “buy” rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.81.

Hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC purchased a new position in Ladder Capital during the 2nd quarter worth $157,000. Guggenheim Capital LLC purchased a new position in Ladder Capital during the 1st quarter worth $181,000. State Board of Administration of Florida Retirement System purchased a new position in Ladder Capital during the 2nd quarter worth $205,000. Assetmark Inc. grew its stake in Ladder Capital by 62.9% during the 2nd quarter. Assetmark Inc. now owns 14,023 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 5,414 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Ladder Capital by 26.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,148 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 3,982 shares during the last quarter. Hedge funds and other institutional investors own 52.67% of the company’s stock.

Shares of NYSE:LADR opened at $17.37 on Friday. Ladder Capital has a 12-month low of $13.40 and a 12-month high of $17.71. The firm has a market capitalization of $1.93 billion, a PE ratio of 12.77 and a beta of 0.86. The company has a current ratio of 74.92, a quick ratio of 66.13 and a debt-to-equity ratio of 3.06.

The firm also recently announced 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 represents a $2.28 annualized dividend and a yield of 13.13%. This is an increase from Ladder Capital’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, December 7th. Ladder Capital’s payout ratio is 95.59%.

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.

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