Ladder Capital (NYSE:LADR) Releases Earnings Results, Misses Estimates By $0.04 EPS

Ladder Capital (NYSE:LADR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04), Zacks reports. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%.

Ladder Capital Stock Performance

Shares of LADR stock traded up $0.47 during midday trading on Thursday, hitting $11.72. The company had a trading volume of 880,991 shares, compared to its average volume of 591,362. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 15.43 and a beta of 1.92. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The company’s 50 day simple moving average is $11.37 and its 200 day simple moving average is $11.59. Ladder Capital has a 52-week low of $10.10 and a 52-week high of $12.48.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio is presently 121.05%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LADR. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price target on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ladder Capital has a consensus rating of “Buy” and a consensus target price of $13.29.

About Ladder Capital

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.