Ladder Capital (NYSE:LADR) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Ladder Capital (NYSE:LADR) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04), Zacks reports. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%.

Ladder Capital Stock Performance

Shares of LADR traded up $0.02 on Friday, reaching $11.75. 251,829 shares of the stock traded hands, compared to its average volume of 577,342. The stock’s 50-day moving average price is $11.37 and its 200-day moving average price is $11.59. Ladder Capital has a 12 month low of $10.10 and a 12 month high of $12.48. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 15.46 and a beta of 1.92. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date was Tuesday, December 31st. Ladder Capital’s dividend payout ratio is presently 121.05%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $13.29.

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.