Ladder Capital (NYSE:LADR) Announces Earnings Results

Ladder Capital (NYSE:LADR) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04, Briefing.com reports. The company had revenue of $128.64 million during the quarter, compared to analysts’ expectations 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 business earned $0.28 EPS.

Ladder Capital Stock Down 0.9 %

LADR stock opened at $11.28 on Friday. Ladder Capital has a 1-year low of $9.15 and a 1-year high of $12.48. The business’s 50 day simple moving average is $11.69 and its 200 day simple moving average is $11.41. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $1.44 billion, a PE ratio of 14.28 and a beta of 1.94.

Ladder Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 annualized dividend and a yield of 8.16%. Ladder Capital’s dividend payout ratio is 116.46%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, President Pamela Mccormack sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the sale, the president now owns 548,863 shares in the company, valued at approximately $6,723,571.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, President Pamela Mccormack sold 50,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the transaction, the president now owns 548,863 shares in the company, valued at approximately $6,723,571.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Perelman sold 25,000 shares of the business’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 completion of the sale, the insider now owns 351,453 shares of the company’s stock, 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 valued at $2,133,250 over the last ninety days. 12.00% of the stock is currently owned by company insiders.

About Ladder Capital

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.