Zacks: Analysts Anticipate Ladder Capital Corp (LADR) Will Post Earnings of $0.43 Per Share

Wall Street brokerages expect that Ladder Capital Corp (NYSE:LADR) will report earnings per share of $0.43 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ladder Capital’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.39. Ladder Capital reported earnings of $0.37 per share in the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The firm is scheduled to announce its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Ladder Capital will report full-year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.55. For the next year, analysts anticipate that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $1.50 to $1.59. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Ladder Capital.

Several brokerages have issued reports on LADR. B. Riley reiterated a “buy” rating on shares of Ladder Capital in a report on Friday, November 3rd. ValuEngine cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. BidaskClub cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, Bank of America upgraded shares of Ladder Capital from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.50.

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in Ladder Capital during the 2nd quarter worth approximately $156,000. Wells Fargo & Company MN raised its position in Ladder Capital by 74.3% during the 2nd quarter. Wells Fargo & Company MN now owns 149,671 shares of the real estate investment trust’s stock worth $2,007,000 after buying an additional 63,807 shares during the last quarter. Teachers Advisors LLC raised its position in Ladder Capital by 74.3% during the 2nd quarter. Teachers Advisors LLC now owns 124,863 shares of the real estate investment trust’s stock worth $1,674,000 after buying an additional 53,218 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Ladder Capital by 64.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 185,010 shares of the real estate investment trust’s stock worth $2,481,000 after buying an additional 72,235 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Ladder Capital by 75.5% during the 2nd quarter. Nationwide Fund Advisors now owns 42,320 shares of the real estate investment trust’s stock worth $568,000 after buying an additional 18,206 shares during the last quarter. Institutional investors and hedge funds own 46.57% of the company’s stock.

Shares of Ladder Capital (NYSE LADR) traded up $0.08 during trading on Thursday, reaching $14.66. 125,189 shares of the company’s stock traded hands, compared to its average volume of 1,642,613. The company has a current ratio of 77.86, a quick ratio of 77.86 and a debt-to-equity ratio of 2.86. Ladder Capital has a one year low of $12.82 and a one year high of $15.23. The company has a market cap of $1,602.51, a PE ratio of 12.01, a price-to-earnings-growth ratio of 2.05 and a beta of 1.04.

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Ladder Capital Company Profile

Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).

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Earnings History and Estimates for Ladder Capital (NYSE:LADR)

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