Ladder Capital (NYSE:LADR) Releases Earnings Results, Beats Estimates By $0.04 EPS

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

Ladder Capital Stock Down 0.9 %

Shares of NYSE LADR traded down $0.10 during trading on Friday, hitting $11.28. 775,915 shares of the company traded hands, compared to its average volume of 626,310. The business’s fifty day moving average is $11.69 and its 200 day moving average is $11.41. Ladder Capital has a fifty-two week low of $9.15 and a fifty-two week high of $12.48. 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 firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.28 and a beta of 1.94.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital’s dividend payout ratio is presently 116.46%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LADR. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Bank of America lifted their target price on Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. B. Riley upped their price target on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their price objective on Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $13.50 price target on shares of Ladder Capital in a research report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Insiders Place Their Bets

In related news, President Pamela Mccormack sold 100,000 shares of Ladder Capital stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total value of $1,217,000.00. Following the completion of the sale, the president now owns 598,863 shares of the company’s stock, valued at approximately $7,288,162.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, President Pamela Mccormack sold 100,000 shares of the firm’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 value of $1,217,000.00. Following the transaction, the president now owns 598,863 shares in the company, valued at $7,288,162.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction 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 owns 351,453 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 175,000 shares of company stock worth $2,133,250. Corporate insiders own 12.00% of the company’s stock.

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.