Ladder Capital (LADR) Scheduled to Post Quarterly Earnings on Thursday

Ladder Capital (NYSE:LADR) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Ladder Capital to post earnings of $0.31 per share for the quarter.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Ladder Capital had a net margin of 18.92% and a return on equity of 9.70%. The company had revenue of $121.27 million during the quarter, compared to the consensus estimate of $63.22 million. During the same period in the prior year, the company earned $0.28 EPS. On average, analysts expect Ladder Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $10.32 on Friday. Ladder Capital has a twelve month low of $8.84 and a twelve month high of $12.00. The company has a current ratio of 64.38, a quick ratio of 64.38 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.73 and a beta of 1.92. The firm has a 50-day moving average of $10.76 and a two-hundred day moving average of $10.82.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.92%. The ex-dividend date was Wednesday, March 27th. Ladder Capital’s payout ratio is 113.58%.

Hedge Funds Weigh In On Ladder Capital

Large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its holdings in Ladder Capital by 15.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,038 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 3,396 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Ladder Capital by 46.6% in the first quarter. MetLife Investment Management LLC now owns 57,429 shares of the real estate investment trust’s stock worth $682,000 after buying an additional 18,257 shares during the last quarter. Vanguard Group Inc. grew its holdings in Ladder Capital by 3.1% during the first quarter. Vanguard Group Inc. now owns 10,681,700 shares of the real estate investment trust’s stock valued at $126,791,000 after purchasing an additional 321,502 shares during the last quarter. Prudential Financial Inc. grew its holdings in Ladder Capital by 12.0% during the first quarter. Prudential Financial Inc. now owns 255,391 shares of the real estate investment trust’s stock valued at $3,031,000 after purchasing an additional 27,353 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in Ladder Capital by 28.9% during the first quarter. Penserra Capital Management LLC now owns 24,239 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 5,436 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Analyst Ratings Changes

LADR has been the subject of a number of analyst reports. TheStreet lowered shares of Ladder Capital from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reduced their price objective on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.63.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.