Q3 2024 EPS Estimates for Ladder Capital Corp Reduced by Analyst (NYSE:LADR)

Ladder Capital Corp (NYSE:LADR) – Research analysts at B. Riley dropped their Q3 2024 earnings per share (EPS) estimates for Ladder Capital in a report issued on Tuesday, July 23rd. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.32. The consensus estimate for Ladder Capital’s current full-year earnings is $1.09 per share. B. Riley also issued estimates for Ladder Capital’s FY2024 earnings at $1.15 EPS.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a return on equity of 9.16% and a net margin of 19.07%. The company had revenue of $71.67 million during the quarter, compared to the consensus estimate of $71.22 million. During the same period in the previous year, the firm posted $0.31 earnings per share. Ladder Capital’s quarterly revenue was up 13.4% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the company. BTIG Research reaffirmed a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a report on Friday, July 19th. StockNews.com cut Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday. JMP Securities lifted their price target on Ladder Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Monday, July 22nd. Wolfe Research initiated coverage on Ladder Capital in a report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their price target on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Ladder Capital has a consensus rating of “Buy” and a consensus target price of $13.13.

Ladder Capital Stock Performance

Shares of LADR stock opened at $12.20 on Friday. The company has a quick ratio of 88.41, a current ratio of 88.40 and a debt-to-equity ratio of 2.41. The business has a 50 day moving average of $11.34 and a two-hundred day moving average of $11.07. Ladder Capital has a 52 week low of $9.08 and a 52 week high of $12.48. The company has a market cap of $1.54 billion, a P/E ratio of 16.05 and a beta of 1.94.

Ladder Capital Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LADR. SG Americas Securities LLC acquired a new position in Ladder Capital in the first quarter worth approximately $148,000. HB Wealth Management LLC grew its position in Ladder Capital by 7.2% in the fourth quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 935 shares during the last quarter. Quest Partners LLC purchased a new position in Ladder Capital during the 4th quarter worth approximately $186,000. ProShare Advisors LLC grew its position in Ladder Capital by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Cetera Advisors LLC grew its position in Ladder Capital by 12.8% during the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 3,161 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Company Profile

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.