Ladder Capital Corp (NYSE:LADR) – Investment analysts at B. Riley lowered their Q2 2019 earnings per share (EPS) estimates for Ladder Capital in a note issued to investors on Tuesday, April 23rd. B. Riley analyst T. Hayes now expects that the real estate investment trust will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.43. B. Riley also issued estimates for Ladder Capital’s Q3 2019 earnings at $0.42 EPS, FY2019 earnings at $1.62 EPS and FY2020 earnings at $1.66 EPS.
Several other equities analysts have also commented on LADR. Zacks Investment Research raised shares of Ladder Capital from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Saturday, December 29th. ValuEngine raised shares of Ladder Capital from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.10.
Shares of LADR stock opened at $17.35 on Friday. Ladder Capital has a one year low of $13.75 and a one year high of $18.82. The company has a quick ratio of 43.78, a current ratio of 43.78 and a debt-to-equity ratio of 2.71. The company has a market cap of $2.06 billion, a P/E ratio of 8.90 and a beta of 0.95.
Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Ladder Capital had a net margin of 26.98% and a return on equity of 14.04%. During the same quarter last year, the business earned $0.47 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were given a dividend of $0.34 per share. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, March 8th. This represents a $1.36 annualized dividend and a yield of 7.84%. Ladder Capital’s dividend payout ratio is 69.74%.
Several institutional investors have recently added to or reduced their stakes in the company. Private Capital Advisors Inc. increased its position in shares of Ladder Capital by 3.4% in the first quarter. Private Capital Advisors Inc. now owns 18,278 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 603 shares in the last quarter. James Investment Research Inc. increased its position in shares of Ladder Capital by 0.8% in the first quarter. James Investment Research Inc. now owns 91,286 shares of the real estate investment trust’s stock worth $1,554,000 after acquiring an additional 756 shares in the last quarter. Sage Capital Advisors llc increased its position in shares of Ladder Capital by 8.7% in the first quarter. Sage Capital Advisors llc now owns 14,108 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 1,124 shares in the last quarter. Strs Ohio increased its position in shares of Ladder Capital by 6.4% in the fourth quarter. Strs Ohio now owns 24,900 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new stake in shares of Ladder Capital in the fourth quarter worth $25,000. 52.76% of the stock is owned by institutional investors.
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.