Ladder Capital (NYSE:LADR – Get Rating) is set to announce its earnings results after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Ladder Capital (NYSE:LADR – Get Rating) last released its earnings results on Wednesday, February 9th. The real estate investment trust reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06. Ladder Capital had a net margin of 15.78% and a return on equity of 3.03%. During the same period in the previous year, the firm posted ($0.10) earnings per share.
Shares of LADR opened at $12.31 on Friday. The company has a 50-day simple moving average of $11.81 and a 200-day simple moving average of $11.85. The company has a quick ratio of 103.29, a current ratio of 103.29 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $1.58 billion, a PE ratio of 27.36 and a beta of 2.08. Ladder Capital has a 52-week low of $10.48 and a 52-week high of $12.69.
LADR has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Ladder Capital in a report on Thursday, March 31st. They set a “buy” rating for the company. TheStreet raised shares of Ladder Capital from a “c” rating to a “b-” rating in a research report on Thursday, February 10th. BTIG Research reissued a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research report on Friday, February 11th. Finally, Zacks Investment Research raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $13.13.
In other news, insider Kelly Amanda Porcella sold 20,000 shares of Ladder Capital stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $11.75, for a total transaction of $235,000.00. Following the sale, the insider now owns 150,594 shares in the company, valued at $1,769,479.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Pamela Mccormack sold 3,139 shares of Ladder Capital stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $11.98, for a total transaction of $37,605.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,139 shares of company stock worth $1,377,805. 11.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. bought a new stake in shares of Ladder Capital in the fourth quarter worth $3,275,000. Morgan Stanley increased its stake in shares of Ladder Capital by 63.7% in the second quarter. Morgan Stanley now owns 247,845 shares of the real estate investment trust’s stock worth $2,859,000 after buying an additional 96,414 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Ladder Capital by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 158,179 shares of the real estate investment trust’s stock worth $1,897,000 after buying an additional 3,743 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Ladder Capital by 4.5% in the fourth quarter. Parametric Portfolio Associates LLC now owns 142,528 shares of the real estate investment trust’s stock worth $1,709,000 after buying an additional 6,110 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Ladder Capital by 16.2% in the third quarter. Royal Bank of Canada now owns 68,016 shares of the real estate investment trust’s stock worth $751,000 after buying an additional 9,484 shares during the last quarter. Institutional investors own 56.42% of the company’s stock.
About Ladder Capital (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Ladder Capital (LADR)
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