B. Riley Weighs in on Ladder Capital Corp’s FY2023 Earnings (NYSE:LADR)

Ladder Capital Corp (NYSE:LADR) – Equities researchers at B. Riley lifted their FY2023 EPS estimates for Ladder Capital in a research report issued on Monday, October 30th. B. Riley analyst M. Howlett now expects that the real estate investment trust will post earnings of $1.17 per share for the year, up from their prior forecast of $1.15. The consensus estimate for Ladder Capital’s current full-year earnings is $1.15 per share. B. Riley also issued estimates for Ladder Capital’s FY2024 earnings at $1.16 EPS and FY2025 earnings at $1.23 EPS.

A number of other equities research analysts also recently weighed in on LADR. BTIG Research boosted their price target on shares of Ladder Capital from $10.00 to $12.50 and gave the stock a “buy” rating in a research note on Monday, July 24th. Raymond James downgraded shares of Ladder Capital from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $12.50 in a research note on Thursday, July 27th. StockNews.com cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, JMP Securities boosted their price objective on shares of Ladder Capital from $12.00 to $13.00 in a report on Thursday, July 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Ladder Capital Trading Up 2.4 %

LADR opened at $10.49 on Thursday. The company has a debt-to-equity ratio of 2.47, a current ratio of 66.82 and a quick ratio of 89.10. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 9.20 and a beta of 1.91. The firm has a 50 day simple moving average of $10.28 and a 200 day simple moving average of $10.26. Ladder Capital has a fifty-two week low of $8.76 and a fifty-two week high of $11.77.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date of this dividend was Thursday, September 28th. Ladder Capital’s dividend payout ratio is currently 80.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LADR. Norges Bank acquired a new position in shares of Ladder Capital in the fourth quarter valued at approximately $10,883,000. Millennium Management LLC boosted its holdings in shares of Ladder Capital by 233.4% in the second quarter. Millennium Management LLC now owns 1,498,869 shares of the real estate investment trust’s stock valued at $15,798,000 after buying an additional 1,049,301 shares during the period. Jennison Associates LLC boosted its holdings in shares of Ladder Capital by 23.6% in the first quarter. Jennison Associates LLC now owns 5,325,318 shares of the real estate investment trust’s stock valued at $50,324,000 after buying an additional 1,016,191 shares during the period. Royal Bank of Canada boosted its holdings in shares of Ladder Capital by 1,329.3% in the first quarter. Royal Bank of Canada now owns 1,062,319 shares of the real estate investment trust’s stock valued at $12,610,000 after buying an additional 987,995 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ladder Capital by 1,751.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust’s stock worth $8,920,000 after purchasing an additional 892,898 shares in the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Ladder Capital Company Profile

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