$0.43 Earnings Per Share Expected for Ladder Capital Corp (LADR) This Quarter
Equities research analysts forecast that Ladder Capital Corp (NYSE:LADR) will announce earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ladder Capital’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.42. Ladder Capital posted earnings per share of $0.47 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.5%. The company is scheduled to issue its next earnings report on Tuesday, February 26th.
On average, analysts expect that Ladder Capital will report full-year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.84 to $2.01. For the next financial year, analysts forecast that the company will post earnings of $1.78 per share, with EPS estimates ranging from $1.73 to $1.82. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Ladder Capital.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.18. The company had revenue of $135.10 million for the quarter, compared to analyst estimates of $72.17 million. Ladder Capital had a return on equity of 13.85% and a net margin of 31.29%. During the same quarter in the previous year, the firm earned $0.35 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of LADR. Private Advisor Group LLC acquired a new position in shares of Ladder Capital during the second quarter valued at $157,000. Guggenheim Capital LLC acquired a new position in shares of Ladder Capital during the first quarter valued at $181,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Ladder Capital during the second quarter valued at $205,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ladder Capital during the first quarter valued at $217,000. Finally, Assetmark Inc. lifted its stake in shares of Ladder Capital by 62.9% during the second quarter. Assetmark Inc. now owns 14,023 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 5,414 shares during the period. 52.67% of the stock is currently owned by institutional investors and hedge funds.
Ladder Capital stock opened at $17.74 on Wednesday. The company has a current ratio of 74.92, a quick ratio of 66.13 and a debt-to-equity ratio of 3.06. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.12 and a beta of 0.86. Ladder Capital has a 52 week low of $13.40 and a 52 week high of $17.79.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Monday, December 10th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 12.85%. The ex-dividend date is Friday, December 7th. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.33. Ladder Capital’s dividend payout ratio is 95.59%.
About Ladder Capital
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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