Ladder Capital (NYSE:LADR) Reports Quarterly Results, Beats Estimates of $0.11 per EPS

Ladder Capital (NYSE:LADR) released its quarterly earnings data on Thursday. The real estate investment trust reported EPS of $0.21 for the quarter, beating the consensus estimate of $0.10 by $0.11, MarketWatch Earnings reports. Ladder Capital had a net margin of 5.35% and a return on equity of 0.80%. In the same quarter of the previous year, the company had earned earnings per share of $0.10.

LADR action traded at $0.11 in Friday’s midday session, hitting $11.74. The company had a trading volume of 28,574 shares, compared to an average volume of 526,806. The company has a leverage ratio of 2.49, a current ratio of 94.17 and a quick ratio of 94.17. Ladder Capital has a 1-year low of $10.03 and a 1-year high of $12.65. The company has a market capitalization of $1.47 billion, a P/E ratio of 93.01 and a beta of 2.09. The company has a 50-day moving average price of $11.86 and a 200-day moving average price of $11.63.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 18. Shareholders of record on Friday, December 31 received a dividend of $0.20. The ex-dividend date was Thursday, December 30. This represents a dividend of $0.80 on an annualized basis and a yield of 6.81%. Ladder Capital’s dividend payout ratio is currently 615.43%.

A number of hedge funds have recently increased or reduced their stakes in the company. Morgan Stanley increased its stake in Ladder Capital shares by 63.7% in Q2. Morgan Stanley now owns 247,845 shares of the real estate investment trust worth $2,859,000 after acquiring an additional 96,414 shares in the last quarter. Royal Bank of Canada increased its holdings of Ladder Capital shares by 16.2% in Q3. Royal Bank of Canada now owns 68,016 shares of the real estate investment trust worth $751,000 after acquiring 9,484 additional shares in the last quarter. Janus Henderson Group PLC bought a new equity stake in Ladder Capital in Q3 for a value of approximately $121,000. BNP Paribas Arbitrage SA increased its stake in Ladder Capital shares by 27.0% in the third quarter. BNP Paribas Arbitrage SA now owns 43,557 shares of the real estate investment trust worth $481,000 after acquiring an additional 9,273 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Ladder Capital shares by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 491,907 shares of the real estate investment trust worth $5,435,000 after acquiring 30,032 additional shares in the last quarter. 55.40% of the shares are held by institutional investors and hedge funds.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

LADR has been the subject of several recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a price target of $13.50 on shares of Ladder Capital in a Friday, October 29 research note. Zacks Investment Research cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a Wednesday, Jan. 26, research note. Two research analysts rated the stock with a sell rating, three issued a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $13.13.

About Ladder Capital

Ladder Capital Corp. is a holding company that provides commercial real estate financing services. It operates through the following segments: Lending, Securities, Real Estate, and Corporate and Other. The loans segment includes mortgages held for investment and mortgages held for sale.

See also

Earnings history for Ladder Capital (NYSE: LADR)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Ladder Capital right now?

Before you consider Ladder Capital, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Ladder Capital wasn’t on the list.

Although Ladder Capital currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

About Glenda Wait

Check Also

Signature Bank (NASDAQ:SBNY) Receives Consensus “Buy” Recommendation From Analysts

Signature Bank Stock (NASDAQ: SBNY – Get a rating) have been given a consensus “moderate …