Ladder Capital (NYSE:LADR) will issue its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The firm had revenue of $68.37 million for the quarter, compared to analyst estimates of $78.38 million. Ladder Capital had a net margin of 27.90% and a return on equity of 12.25%. During the same period in the previous year, the business earned $0.55 earnings per share. On average, analysts expect Ladder Capital to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:LADR traded up $0.02 on Tuesday, reaching $16.99. The stock had a trading volume of 15,351 shares, compared to its average volume of 489,023. The firm has a market cap of $2.03 billion, a P/E ratio of 8.72 and a beta of 0.97. Ladder Capital has a 1-year low of $14.75 and a 1-year high of $18.82. The company has a debt-to-equity ratio of 2.87, a current ratio of 106.07 and a quick ratio of 106.07. The stock’s fifty day simple moving average is $16.67.
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 10th were given a dividend of $0.34 per share. The ex-dividend date was Friday, June 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 8.00%. Ladder Capital’s payout ratio is 69.74%.
In related news, President Pamela Mccormack bought 1,600 shares of Ladder Capital stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average cost of $16.03 per share, for a total transaction of $25,648.00. Following the completion of the transaction, the president now owns 523,965 shares of the company’s stock, valued at $8,399,158.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.00% of the stock is currently owned by corporate insiders.
LADR has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SAGE Therapeutics in a research report on Wednesday, July 24th. Zacks Investment Research lowered shares of Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.00.
Ladder Capital Company Profile
Ladder Capital Corp operates as a 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.
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