Ladder Capital Corp (NASDAQ:LADR) – Research analysts at FBR & Co dropped their Q2 2017 earnings per share estimates for shares of Ladder Capital Corp in a report issued on Tuesday. FBR & Co analyst J. Levi-Ribner now forecasts that the real estate investment trust will earn $0.31 per share for the quarter, down from their previous estimate of $0.32. FBR & Co currently has a “Outperform” rating and a $16.50 target price on the stock.

Separately, Zacks Investment Research raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Ladder Capital Corp has an average rating of “Buy” and a consensus target price of $15.00.

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Shares of Ladder Capital Corp (NASDAQ:LADR) opened at 13.00 on Thursday. The firm’s 50-day moving average is $13.74 and its 200 day moving average is $14.12. The firm has a market capitalization of $1.03 billion and a P/E ratio of 11.25. Ladder Capital Corp has a one year low of $12.14 and a one year high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $56.52 million for the quarter, compared to the consensus estimate 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 period last year, the company posted $0.38 EPS.

The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date of this dividend was Thursday, June 8th.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Ladder Capital Corp during the first quarter worth $110,000. Great West Life Assurance Co. Can raised its position 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 worth $144,000 after buying an additional 75 shares during the last quarter. Legal & General Group Plc raised its position 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 worth $148,000 after buying an additional 649 shares during the last quarter. Strs Ohio raised its position 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 worth $178,000 after buying an additional 93 shares during the last quarter. Finally, KCG Holdings Inc. raised its position 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 worth $188,000 after buying an additional 1,667 shares during the last quarter.

Ladder Capital Corp Company Profile

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).

Earnings History and Estimates for Ladder Capital Corp (NASDAQ:LADR)

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