FY2024 EPS Estimates for Ladder Capital Reduced by Analyst

Ladder Capital Corp (NYSE:LADR) – Investment analysts at B. Riley dropped their FY2024 earnings per share estimates for Ladder Capital in a research note issued to investors on Monday, January 27th. B. Riley analyst R. Binner now anticipates that the real estate investment trust will earn $1.05 per share for the year, down from their previous forecast of $1.06. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Ladder Capital’s current full-year earnings is $1.04 per share. B. Riley also issued estimates for Ladder Capital’s Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.33 EPS.

Separately, Keefe, Bruyette & Woods dropped their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $13.29.

Ladder Capital Trading Up 1.5 %

NYSE:LADR opened at $11.23 on Tuesday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 14.77 and a beta of 1.92. The company has a fifty day moving average of $11.45 and a 200 day moving average of $11.62. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. Ladder Capital has a 52 week low of $10.10 and a 52 week high of $12.48.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.20%. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

Institutional Trading of Ladder Capital

A number of hedge funds have recently made changes to their positions in LADR. Jennison Associates LLC raised its holdings in Ladder Capital by 1.6% in the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock worth $78,505,000 after acquiring an additional 108,079 shares during the last quarter. State Street Corp raised its holdings in shares of Ladder Capital by 1.9% during the third quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock valued at $35,411,000 after purchasing an additional 54,598 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ladder Capital by 0.3% in the third quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock worth $30,743,000 after purchasing an additional 8,178 shares during the last quarter. Principal Financial Group Inc. grew its position in Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after purchasing an additional 96,573 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Ladder Capital by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,640,319 shares of the real estate investment trust’s stock valued at $19,028,000 after buying an additional 15,938 shares during the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Company Profile

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