Wall Street brokerages forecast Ladder Capital Corp (NYSE: LADR) to post earnings per share of $ 0.10 for the current fiscal quarter, according to Zacks investment research. Two analysts provided earnings estimates for Ladder Capital. The highest EPS estimate is $ 0.12 and the lowest is $ 0.07. Ladder Capital reported earnings of $ 0.16 per share in the same quarter last year, which would suggest a negative growth rate of 37.5% year-over-year. The company is expected to release its next quarterly results on Thursday, November 4.
On average, analysts predict Ladder Capital will report annual earnings of $ 0.38 per share for the current fiscal year, with EPS estimates ranging from $ 0.32 to $ 0.44. For the next fiscal year, analysts expect the company to report earnings of $ 0.97 per share, with EPS estimates ranging from $ 0.78 to $ 1.15. Zacks earnings per share averages are an average based on a survey of analysts who follow Ladder Capital.
Ladder Capital (NYSE: LADR) last released its quarterly earnings data on Thursday, July 29. The REIT reported EPS of $ 0.10 for the quarter, beating analyst consensus estimates of ($ 0.01) by $ 0.11. Ladder Capital had a return on equity of 0.87% and a net margin of 4.69%.
Separately, Zacks investment research downgraded Ladder Capital from a â€œbuyâ€ rating to a â€œcustodyâ€ rating in a report published on Tuesday, October 5. One investment analyst assigned a sell rating to the stock, another assigned a conservation rating, three assigned a buy rating, and one assigned a high buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of â€œBuyâ€ and a consensus target price of $ 12.38.
LADR stock opened at $ 11.63 on Friday. Ladder Capital has a 52 week low of $ 6.77 and a 52 week high of $ 12.65. The company has a market cap of $ 1.47 billion, a price-to-earnings ratio of 96.92 and a beta of 2.19. The company has a quick ratio of 100.81, a current ratio of 100.81, and a debt ratio of 2.62. The company has a fifty-day simple moving average of $ 11.22 and a 200-day simple moving average of $ 11.47.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 15. Shareholders of record on Thursday, September 30 will receive a dividend of $ 0.20 per share. The ex-dividend date is Wednesday, September 29. This represents an annualized dividend of $ 0.80 and a dividend yield of 6.88%. Ladder Capital’s payout ratio is 258.06%.
A number of hedge funds and other institutional investors have recently changed their holdings to LADR. The Swiss National Bank increased its stake in Ladder Capital by 5.7% in the first quarter. The Swiss National Bank now owns 261,007 shares of the REIT valued at $ 3,080,000 after acquiring an additional 14,000 shares in the last quarter. BlackRock Inc. increased its holdings of Ladder Capital shares by 3.9% in the first quarter. BlackRock Inc. now owns 11,086,999 real estate investment trust shares valued at $ 130,827,000 after purchasing an additional 420,965 shares during the last quarter. Principal Financial Group Inc. increased its holdings of Ladder Capital shares by 8.8% in the first quarter. Principal Financial Group Inc. now owns 1,000,492 REIT shares valued at $ 11,807,000 after purchasing an additional 81,059 shares during the last quarter. The New York State Common Retirement Fund increased its holdings of Ladder Capital shares by 16.3% in the first quarter. The New York State Pooled Retirement Fund now owns 160,298 REIT shares valued at $ 1,892,000 after purchasing an additional 22,518 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new equity stake in Ladder Capital during the first quarter valued at approximately $ 138,000. 55.49% of the shares are currently held by hedge funds and other institutional investors.
About Ladder Capital
Ladder Capital Corp. is a holding company that provides commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate and Businesses and others. The Loans segment includes mortgages held for investment and mortgages held for sale.
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