Ladder Capital (NYSE:LADR) Announces Earnings Results

Ladder Capital (NYSE:LADR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02, FiscalAI reports. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. The firm had revenue of $118.90 million for the quarter, compared to analyst estimates of $79.67 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis.

Ladder Capital Stock Up 3.6%

NYSE:LADR traded up $0.31 during trading hours on Friday, reaching $9.13. 2,918,827 shares of the stock were exchanged, compared to its average volume of 1,747,883. The stock has a market cap of $1.16 billion, a PE ratio of 21.75, a PEG ratio of 0.93 and a beta of 0.98. Ladder Capital has a twelve month low of $8.48 and a twelve month high of $11.48. The firm has a 50 day moving average of $9.44 and a 200 day moving average of $9.82. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.1%. Ladder Capital’s dividend payout ratio (DPR) is presently 219.05%.

Key Headlines Impacting Ladder Capital

Here are the key news stories impacting Ladder Capital this week:

• Positive Sentiment: Ladder reported $0.35 in distributable EPS, exceeding the $0.33 analyst consensus, while revenue reached $118.9 million versus estimates of $79.67 million. Revenue rose 16.1% year over year, and EPS increased from $0.25 in the prior-year quarter. Ladder Capital third-quarter earnings results
• Positive Sentiment: GAAP income before taxes was $67.3 million, or $0.53 per diluted share, and distributable earnings were $44.7 million, or $0.35 per share. The results reinforce the positive earnings surprise that drove the stock’s favorable reaction. Ladder Capital quarterly results press release
• Positive Sentiment: Analyst coverage highlighted the earnings beat; Zacks reported quarterly earnings of $0.38 per share versus its $0.24 consensus estimate, compared with $0.25 a year earlier. Zacks Ladder Capital earnings analysis
• Positive Sentiment: A Seeking Alpha analysis upgraded Ladder to “Strong Buy,” citing an approximately 10% yield and a significant discount to estimated value. This may support income-oriented investor demand, though it reflects an analyst opinion rather than company guidance. Seeking Alpha Ladder Capital Strong Buy analysis
• Neutral Sentiment: The headline GAAP profit was boosted by a one-time real estate gain, meaning investors should distinguish the unusual gain from recurring lending and real estate operating performance. RTTNews Ladder Capital profit report

Wall Street Analyst Weigh In

LADR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Friday, October 9th. Zacks Research raised shares of Ladder Capital from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Bank of America reiterated a “neutral” rating and set a $10.25 target price on shares of Ladder Capital in a research report on Wednesday, July 29th. Finally, Weiss Ratings downgraded Ladder Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.29.

Ladder Capital Company Profile

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.