Ladder Capital (LADR) to Release Quarterly Earnings on Thursday

Share on StockTwits

Ladder Capital (NYSE:LADR) will release its earnings data after the market closes on Thursday, November 1st. Analysts expect Ladder Capital to post earnings of $0.38 per share for the quarter.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. Ladder Capital had a net margin of 27.91% and a return on equity of 12.43%. The company had revenue of $83.19 million during the quarter, compared to the consensus estimate of $75.40 million. On average, analysts expect Ladder Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Ladder Capital stock opened at $16.91 on Wednesday. Ladder Capital has a 1-year low of $13.31 and a 1-year high of $17.71. The company has a quick ratio of 66.13, a current ratio of 66.13 and a debt-to-equity ratio of 3.11. The company has a market cap of $1.88 billion, a PE ratio of 9.78 and a beta of 0.97.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend was Friday, September 14th. Ladder Capital’s dividend payout ratio (DPR) is presently 95.59%.

A number of brokerages have recently weighed in on LADR. Zacks Investment Research raised shares of Ladder Capital from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Thursday, October 25th. JPMorgan Chase & Co. cut shares of Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Wednesday, October 24th. They noted that the move was a valuation call. B. Riley upped their price objective on shares of Ladder Capital from $16.00 to $17.50 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. JMP Securities upped their price objective on shares of Ladder Capital from $17.00 to $17.50 and gave the stock a “market outperform” rating in a research report on Monday, August 6th. Finally, Deutsche Bank upped their price objective on shares of Ladder Capital from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Ladder Capital currently has an average rating of “Buy” and an average target price of $17.75.

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.

Read More: Dividend

Earnings History for Ladder Capital (NYSE:LADR)

Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply