Brokerages Anticipate Ladder Capital Corp (LADR) Will Post Quarterly Sales of $60.56 Million
Equities analysts forecast that Ladder Capital Corp (NASDAQ:LADR) will post sales of $60.56 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ladder Capital Corp’s earnings. The lowest sales estimate is $60.41 million and the highest is $60.72 million. Ladder Capital Corp posted sales of $117.73 million during the same quarter last year, which suggests a negative year-over-year growth rate of 48.6%. The company is expected to announce its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Ladder Capital Corp will report full year sales of $60.56 million for the current fiscal year, with estimates ranging from $227.05 million to $229.40 million. For the next fiscal year, analysts expect that the firm will post sales of $271.86 million per share, with estimates ranging from $271.04 million to $272.68 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Ladder Capital Corp.
Ladder Capital Corp (NASDAQ:LADR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. During the same period in the prior year, the business earned $0.40 EPS.
LADR has been the topic of a number of recent analyst reports. Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.00 target price on shares of Ladder Capital Corp in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $15.75.
In other news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total transaction of $27,100,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian Harris acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $13.41 per share, for a total transaction of $134,100.00. Following the transaction, the chief executive officer now directly 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.
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Ladder Capital Corp during the first quarter worth $110,000. Balyasny Asset Management LLC purchased a new stake in shares of Ladder Capital Corp during the second quarter worth $4,188,000. FMR LLC increased its position in shares of Ladder Capital Corp by 37.6% during the first quarter. FMR LLC now owns 3,109,299 shares of the real estate investment trust’s stock worth $44,899,000 after acquiring an additional 850,281 shares during the period. Martingale Asset Management L P increased its position in shares of Ladder Capital Corp by 22.1% during the second quarter. Martingale Asset Management L P now owns 128,901 shares of the real estate investment trust’s stock worth $1,729,000 after acquiring an additional 23,300 shares during the period. Finally, WFG Advisors LP increased its position in shares of Ladder Capital Corp by 48.7% during the second quarter. WFG Advisors LP now owns 48,443 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 15,855 shares during the period.
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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