Ladder Capital Corp (NYSE:LADR) Expected to Announce Earnings of $0.06 Per Share

Equities analysts forecast that Ladder Capital Corp (NYSE:LADR) will post earnings of $0.06 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ladder Capital’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.03. Ladder Capital reported earnings of $0.26 per share during the same quarter last year, which would suggest a negative year over year growth rate of 76.9%. The firm is expected to issue its next earnings report on Tuesday, May 4th.

On average, analysts expect that Ladder Capital will report full-year earnings of $0.41 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.57 to $0.85. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Ladder Capital.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, February 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Ladder Capital had a net margin of 9.76% and a return on equity of 5.86%.

Several equities analysts have recently issued reports on the stock. BTIG Research assumed coverage on shares of Ladder Capital in a report on Tuesday, February 2nd. They set a “buy” rating and a $11.50 price objective on the stock. Raymond James increased their price target on shares of Ladder Capital from $11.50 to $12.50 and gave the stock a “strong-buy” rating in a report on Monday, March 8th. JPMorgan Chase & Co. downgraded shares of Ladder Capital from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $9.50 to $10.00 in a report on Tuesday, February 9th. Zacks Investment Research downgraded shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Wednesday, February 10th. Finally, Wolfe Research upgraded shares of Ladder Capital from an “underperform” rating to an “outperform” rating in a report on Monday, March 8th. Two analysts have rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Ladder Capital presently has an average rating of “Buy” and a consensus target price of $10.83.

Shares of LADR traded up $0.08 during mid-day trading on Friday, hitting $11.62. 438,462 shares of the company traded hands, compared to its average volume of 1,070,663. Ladder Capital has a 1-year low of $6.25 and a 1-year high of $12.32. The company has a quick ratio of 100.91, a current ratio of 100.91 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $1.47 billion, a PE ratio of 35.21 and a beta of 2.33. The business has a 50 day moving average of $11.62 and a 200 day moving average of $9.63.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $0.80 annualized dividend and a yield of 6.88%. Ladder Capital’s dividend payout ratio is presently 55.17%.

In other news, CFO Marc Fox sold 47,078 shares of the stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $10.50, for a total transaction of $494,319.00. Following the transaction, the chief financial officer now owns 406,481 shares in the company, valued at approximately $4,268,050.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Harris sold 19,355 shares of the stock in a transaction that occurred on Wednesday, January 13th. The shares were sold at an average price of $10.00, for a total value of $193,550.00. Following the transaction, the chief executive officer now owns 733,700 shares in the company, valued at approximately $7,337,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 156,463 shares of company stock worth $1,691,570. Insiders own 12.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of Ladder Capital by 17.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,051 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 1,026 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Ladder Capital by 4.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 29,557 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,161 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Ladder Capital by 8.9% during the 4th quarter. HighTower Advisors LLC now owns 15,086 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 1,231 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Ladder Capital by 0.9% during the 3rd quarter. California State Teachers Retirement System now owns 159,511 shares of the real estate investment trust’s stock valued at $1,136,000 after buying an additional 1,381 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its position in shares of Ladder Capital by 16.2% during the 4th quarter. NEXT Financial Group Inc now owns 11,593 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,612 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

About Ladder Capital

Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale.

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