Ladder Capital (NYSE:LADR) – Investment analysts at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for Ladder Capital in a research note issued on Wednesday, April 18th. B. Riley analyst T. Hayes expects that the real estate investment trust will post earnings of $0.37 per share for the quarter. B. Riley has a “Buy” rating and a $16.00 price target on the stock. B. Riley also issued estimates for Ladder Capital’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.39 EPS, Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.46 EPS.
Several other analysts also recently issued reports on the company. ValuEngine downgraded Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Saturday, March 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.50 price target on shares of Ladder Capital in a report on Thursday, March 1st. Bank of America raised their price target on Ladder Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, Raymond James started coverage on Ladder Capital in a report on Tuesday, March 27th. They issued a “strong-buy” rating and a $17.50 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.00.
Ladder Capital (NYSE:LADR) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Ladder Capital had a return on equity of 10.30% and a net margin of 20.78%. The firm had revenue of $126.10 million for the quarter, compared to the consensus estimate of $71.78 million.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bramshill Investments LLC bought a new stake in Ladder Capital during the 4th quarter valued at $1,083,000. Millennium Management LLC acquired a new position in shares of Ladder Capital during the 4th quarter valued at $21,314,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Ladder Capital by 48.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 76,259 shares of the real estate investment trust’s stock valued at $1,040,000 after purchasing an additional 24,834 shares during the period. Teachers Advisors LLC increased its position in shares of Ladder Capital by 9.4% during the 4th quarter. Teachers Advisors LLC now owns 137,578 shares of the real estate investment trust’s stock valued at $1,875,000 after purchasing an additional 11,801 shares during the period. Finally, HBK Investments L P increased its position in shares of Ladder Capital by 36.9% during the 4th quarter. HBK Investments L P now owns 31,798 shares of the real estate investment trust’s stock valued at $433,000 after purchasing an additional 8,569 shares during the period. 49.66% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 12th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 8.92%. The ex-dividend date was Friday, March 9th. Ladder Capital’s dividend payout ratio (DPR) is 92.65%.
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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