Zacks: Analysts Anticipate Ladder Capital Corp (NYSE:LADR) to Post $0.22 EPS

Wall Street brokerages expect Ladder Capital Corp (NYSE:LADRGet Rating) to announce earnings per share of $0.22 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ladder Capital’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.17. Ladder Capital posted earnings of $0.10 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 120%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Ladder Capital will report full-year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $1.08. For the next financial year, analysts anticipate that the business will post earnings of $0.89 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Ladder Capital.

Ladder Capital (NYSE:LADRGet Rating) last released its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Ladder Capital had a net margin of 15.78% and a return on equity of 3.03%.

A number of research analysts have recently commented on LADR shares. StockNews.com started coverage on Ladder Capital in a report on Thursday, March 31st. They set a “buy” rating for the company. BTIG Research restated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research note on Friday, February 11th. TheStreet upgraded Ladder Capital from a “c” rating to a “b-” rating in a research note on Thursday, February 10th. Finally, Zacks Investment Research upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, March 1st. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $13.83.

In other news, insider Kelly Amanda Porcella sold 20,000 shares of the business’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $11.61, for a total transaction of $232,200.00. Following the completion of the transaction, the insider now owns 150,594 shares of the company’s stock, valued at approximately $1,748,396.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Harris sold 30,000 shares of the business’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $12.54, for a total value of $376,200.00. Following the sale, the chief executive officer now owns 1,058,482 shares in the company, valued at approximately $13,273,364.28. The disclosure for this sale can be found here. Insiders sold a total of 113,139 shares of company stock valued at $1,377,805 over the last ninety days. Insiders own 11.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new position in Ladder Capital during the 4th quarter worth approximately $46,000. Capital Analysts LLC purchased a new stake in shares of Ladder Capital in the third quarter worth approximately $47,000. Catalyst Capital Advisors LLC raised its stake in shares of Ladder Capital by 29.2% in the third quarter. Catalyst Capital Advisors LLC now owns 5,260 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,190 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Ladder Capital in the third quarter worth approximately $86,000. Finally, Janus Henderson Group PLC bought a new position in shares of Ladder Capital in the third quarter valued at approximately $121,000. Hedge funds and other institutional investors own 56.42% of the company’s stock.

Shares of Ladder Capital stock opened at $12.11 on Friday. The company has a current ratio of 103.29, a quick ratio of 103.29 and a debt-to-equity ratio of 2.79. Ladder Capital has a 52 week low of $10.48 and a 52 week high of $12.69. The company’s 50-day moving average price is $11.84 and its two-hundred day moving average price is $11.87. The stock has a market cap of $1.55 billion, a PE ratio of 26.91 and a beta of 2.08.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.80 annualized dividend and a yield of 6.61%. Ladder Capital’s dividend payout ratio is presently 177.78%.

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.

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