Ladder Capital (NYSE:LADR) Announces Quarterly Earnings Results

Ladder Capital (NYSE:LADR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04, Briefing.com reports. The firm had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. During the same period last year, the firm earned $0.28 EPS.

Ladder Capital Trading Down 0.9 %

Shares of LADR stock traded down $0.10 on Friday, hitting $11.28. 775,915 shares of the company’s stock traded hands, compared to its average volume of 626,310. The company has a debt-to-equity ratio of 2.21, a quick ratio of 76.87 and a current ratio of 76.87. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.28 and a beta of 1.94. The company’s fifty day simple moving average is $11.69 and its 200 day simple moving average is $11.41. Ladder Capital has a one year low of $9.15 and a one year high of $12.48.

Ladder Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.23 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.16%. Ladder Capital’s dividend payout ratio (DPR) is 116.46%.

Insider Buying and Selling at Ladder Capital

In other news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the transaction, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ladder Capital news, President Pamela Mccormack sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $12.17, for a total transaction of $1,217,000.00. Following the completion of the transaction, the president now owns 598,863 shares of the company’s stock, valued at $7,288,162.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the transaction, the insider now directly owns 351,453 shares in the company, valued at $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock worth $2,133,250 over the last three months. Company insiders own 12.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LADR shares. Bank of America upped their target price on Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. BTIG Research restated a “buy” rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, July 19th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a research report on Friday, August 30th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Ladder Capital has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.