Ladder Capital (NYSE:LADR – Get Free Report) 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
Check Out Our Latest Research Report on Ladder Capital
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.
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