Ladder Capital (NYSE:LADR) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Ladder Capital (NYSE:LADR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05, Briefing.com reports. Ladder Capital had a net margin of 19.07% and a return on equity of 9.16%. The firm had revenue of $71.67 million during the quarter, compared to analysts’ expectations of $71.22 million. During the same quarter in the prior year, the company earned $0.31 EPS. The company’s revenue was up 13.4% compared to the same quarter last year.

Ladder Capital Trading Up 0.5 %

Shares of Ladder Capital stock opened at $12.20 on Friday. Ladder Capital has a 1 year low of $9.08 and a 1 year high of $12.48. The company has a debt-to-equity ratio of 2.41, a current ratio of 88.40 and a quick ratio of 88.41. The firm has a fifty day moving average price of $11.34 and a 200 day moving average price of $11.07. The stock has a market cap of $1.54 billion, a PE ratio of 16.05 and a beta of 1.94.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 7.54%. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Analyst Ratings Changes

A number of equities research analysts recently commented on LADR shares. Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. BTIG Research reissued a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research report on Friday, July 19th. Wolfe Research started coverage on shares of Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 target price for the company. JMP Securities increased their target price on shares of Ladder Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a research report on Monday, July 22nd. Finally, StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $13.13.

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.