Wall Street brokerages predict that Ladder Capital Corp (NYSE:LADR) will post earnings per share of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ladder Capital’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.42. Ladder Capital reported earnings of $0.55 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 1st.
On average, analysts expect that Ladder Capital will report full year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.73 to $1.78. For the next financial year, analysts forecast that the company will report earnings of $1.83 per share, with EPS estimates ranging from $1.80 to $1.87. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Ladder Capital.
Ladder Capital (NYSE:LADR) last issued its earnings results on Wednesday, February 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ 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 period in the previous year, the company earned $0.47 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in LADR. Wells Fargo & Company MN raised its position in shares of Ladder Capital by 11.6% in the 3rd quarter. Wells Fargo & Company MN now owns 371,083 shares of the real estate investment trust’s stock worth $6,285,000 after buying an additional 38,479 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Ladder Capital by 151.4% during the third quarter. JPMorgan Chase & Co. now owns 54,167 shares of the real estate investment trust’s stock valued at $917,000 after acquiring an additional 32,619 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Ladder Capital by 26.3% during the third quarter. Bank of New York Mellon Corp now owns 487,125 shares of the real estate investment trust’s stock valued at $8,252,000 after acquiring an additional 101,426 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of Ladder Capital during the third quarter valued at approximately $507,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Ladder Capital during the third quarter valued at approximately $350,000. Hedge funds and other institutional investors own 52.75% of the company’s stock.
NYSE LADR opened at $16.90 on Wednesday. Ladder Capital has a 12 month low of $13.70 and a 12 month high of $18.82. The company has a current ratio of 43.78, a quick ratio of 43.78 and a debt-to-equity ratio of 2.71. The company has a market cap of $2.03 billion, a P/E ratio of 8.67 and a beta of 0.95.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.33. Ladder Capital’s payout ratio is presently 69.74%.
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.
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