$73.77 Million in Sales Expected for Ladder Capital Corp (NASDAQ:LADR) This Quarter
Wall Street analysts forecast that Ladder Capital Corp (NASDAQ:LADR) will report $73.77 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ladder Capital Corp’s earnings, with the highest sales estimate coming in at $85.88 million and the lowest estimate coming in at $61.66 million. Ladder Capital Corp posted sales of $39.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 88.2%. The firm is expected to report its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Ladder Capital Corp will report full-year sales of $73.77 million for the current year, with estimates ranging from $259.01 million to $320.44 million. For the next financial year, analysts expect that the firm will report sales of $322.31 million per share, with estimates ranging from $287.04 million to $358.89 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Ladder Capital Corp.
Ladder Capital Corp (NASDAQ:LADR) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $56.52 million for the quarter, compared to analysts’ expectations of $59.44 million. Ladder Capital Corp had a net margin of 22.29% and a return on equity of 5.35%. During the same quarter last year, the company earned $0.38 EPS.
A number of research firms recently issued reports on LADR. FBR & Co lifted their price target on Ladder Capital Corp from $16.00 to $16.50 and gave the company an “outperform” rating in a report on Wednesday, April 5th. Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Finally, Wells Fargo & Company raised Ladder Capital Corp from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.00.
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Ladder Capital Corp (NASDAQ LADR) opened at 13.34 on Friday. The firm has a market cap of $1.06 billion and a PE ratio of 11.54. The firm’s 50-day moving average is $14.09 and its 200 day moving average is $14.17. Ladder Capital Corp has a 1-year low of $11.57 and a 1-year high of $15.53.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 12th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 8th. This represents a $1.20 annualized dividend and a yield of 9.00%.
A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Ladder Capital Corp during the first quarter valued at $110,000. Great West Life Assurance Co. Can boosted its stake in shares of Ladder Capital Corp by 0.8% in the first quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 75 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Ladder Capital Corp by 6.7% in the first quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 649 shares in the last quarter. Strs Ohio boosted its stake in shares of Ladder Capital Corp by 0.8% in the first quarter. Strs Ohio now owns 12,393 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 93 shares in the last quarter. Finally, KCG Holdings Inc. boosted its stake in shares of Ladder Capital Corp by 14.7% in the first quarter. KCG Holdings Inc. now owns 13,014 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 1,667 shares in the last quarter.
About Ladder Capital Corp
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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