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.
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.
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