Ladder Capital Corp (LADR) Set to Announce Quarterly Earnings on Thursday
Ladder Capital Corp (NASDAQ:LADR) is scheduled to be announcing its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
Ladder Capital Corp (NASDAQ:LADR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.11. The company had revenue of $52.10 million for the quarter, compared to the consensus estimate of $76.60 million. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. Ladder Capital Corp’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, analysts expect Ladder Capital Corp to post $1.45 EPS for the current fiscal year and $1.54 EPS for the next fiscal year.
Shares of Ladder Capital Corp (NASDAQ:LADR) opened at 13.62 on Thursday. The firm’s 50-day moving average is $13.65 and its 200 day moving average is $13.84. Ladder Capital Corp has a 52-week low of $12.40 and a 52-week high of $15.53. The stock has a market cap of $1.17 billion and a P/E ratio of 11.91.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were paid a $0.30 dividend. The ex-dividend date was Friday, September 8th. This represents a $1.20 annualized dividend and a yield of 8.81%.
In other news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total transaction of $27,100,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Harris bought 10,000 shares of the stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $13.41 per share, for a total transaction of $134,100.00. Following the completion of the transaction, the chief executive officer now owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The disclosure for this purchase can be found here.
Several equities analysts have commented on LADR shares. Zacks Investment Research upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub lowered shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $16.00 target price on shares of Ladder Capital Corp in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.75.
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).
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