$77.81 Million in Sales Expected for Ladder Capital Corp (NYSE:LADR) This Quarter

Brokerages forecast that Ladder Capital Corp (NYSE:LADR) will report $77.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ladder Capital’s earnings, with the highest sales estimate coming in at $83.25 million and the lowest estimate coming in at $74.99 million. Ladder Capital reported sales of $64.72 million in the same quarter last year, which would suggest a positive year over year growth rate of 20.2%. The company is scheduled to report its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Ladder Capital will report full-year sales of $292.22 million for the current year, with estimates ranging from $289.30 million to $297.33 million. For the next year, analysts expect that the company will post sales of $321.91 million, with estimates ranging from $303.99 million to $351.44 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Ladder Capital.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $69.05 million during the quarter, compared to analysts’ expectations of $72.31 million. Ladder Capital had a return on equity of 10.58% and a net margin of 22.51%. The business’s quarterly revenue was down 44.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS.

LADR has been the topic of several analyst reports. Compass Point started coverage on shares of Ladder Capital in a research note on Monday, December 2nd. They set a “buy” rating and a $19.10 price target on the stock. Zacks Investment Research lowered Ladder Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Ladder Capital presently has a consensus rating of “Hold” and a consensus price target of $18.87.

Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of Ladder Capital by 31.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,552 shares of the real estate investment trust’s stock valued at $540,000 after acquiring an additional 7,721 shares during the period. Rhumbline Advisers increased its holdings in Ladder Capital by 9.7% in the 3rd quarter. Rhumbline Advisers now owns 162,109 shares of the real estate investment trust’s stock worth $2,800,000 after acquiring an additional 14,382 shares in the last quarter. Advantage Investment Management LLC raised its stake in Ladder Capital by 1,528.8% during the 2nd quarter. Advantage Investment Management LLC now owns 16,418 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 15,410 shares during the period. Aptus Capital Advisors LLC raised its stake in Ladder Capital by 18.6% during the 2nd quarter. Aptus Capital Advisors LLC now owns 37,448 shares of the real estate investment trust’s stock worth $622,000 after acquiring an additional 5,863 shares during the period. Finally, Barclays PLC raised its stake in Ladder Capital by 18.7% during the 3rd quarter. Barclays PLC now owns 81,335 shares of the real estate investment trust’s stock worth $1,405,000 after acquiring an additional 12,827 shares during the period. 50.15% of the stock is currently owned by hedge funds and other institutional investors.

LADR stock traded up $0.33 during midday trading on Tuesday, reaching $17.77. 1,463,297 shares of the company’s stock traded hands, compared to its average volume of 551,604. The company has a current ratio of 77.18, a quick ratio of 77.18 and a debt-to-equity ratio of 2.97. Ladder Capital has a 52-week low of $14.75 and a 52-week high of $18.82. The stock has a market cap of $2.09 billion, a P/E ratio of 9.11 and a beta of 0.96. The stock’s 50-day moving average is $17.17 and its 200 day moving average is $16.85.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 10th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 7.65%. The ex-dividend date is Monday, December 9th. Ladder Capital’s dividend payout ratio (DPR) is currently 69.74%.

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.

Recommended Story: Are we seeing the beginning of a new bubble?

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

Earnings History and Estimates for Ladder Capital (NYSE:LADR)

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.