Brokerages predict that Ladder Capital Corp (NYSE:LADR) will post earnings of $0.39 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ladder Capital Corp’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.40. Ladder Capital Corp posted earnings of $0.37 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The business is expected to issue its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Ladder Capital Corp will report full-year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.45 to $1.48. For the next fiscal year, analysts anticipate that the company will post earnings of $1.54 per share, with EPS estimates ranging from $1.50 to $1.63. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Ladder Capital Corp.

Ladder Capital Corp (NYSE:LADR) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The company had revenue of $69.30 million for the quarter, compared to analyst estimates of $59.05 million. Ladder Capital Corp had a net margin of 27.38% and a return on equity of 9.78%. During the same quarter last year, the business earned $0.40 EPS.

Several research firms recently weighed in on LADR. Zacks Investment Research lowered shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Monday, September 4th. BidaskClub downgraded shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $16.00 price target on shares of Ladder Capital Corp in a research note on Friday, September 22nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Ladder Capital Corp in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.17.

Ladder Capital Corp (LADR) traded up $0.02 during trading hours on Tuesday, hitting $13.71. 284,650 shares of the company traded hands, compared to its average volume of 586,109. The company has a debt-to-equity ratio of 2.86, a current ratio of 77.86 and a quick ratio of 77.86. The firm has a market cap of $1,520.00, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03. Ladder Capital Corp has a 1-year low of $12.82 and a 1-year high of $15.53.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th will be issued a $0.315 dividend. The ex-dividend date is Friday, December 8th. This is a positive change from Ladder Capital Corp’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 9.19%. Ladder Capital Corp’s payout ratio is 137.93%.

In other Ladder Capital Corp news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LADR. BlackRock Inc. raised its holdings in shares of Ladder Capital Corp by 44.3% in the 2nd quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock worth $95,416,000 after purchasing an additional 2,183,991 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Ladder Capital Corp by 14.3% during the second quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock valued at $76,459,000 after acquiring an additional 712,583 shares during the period. Boston Partners acquired a new stake in shares of Ladder Capital Corp during the third quarter valued at approximately $8,944,000. Canada Pension Plan Investment Board acquired a new stake in shares of Ladder Capital Corp during the second quarter valued at approximately $6,129,000. Finally, Prudential Financial Inc. raised its holdings in shares of Ladder Capital Corp by 150.9% during the third quarter. Prudential Financial Inc. now owns 677,531 shares of the real estate investment trust’s stock valued at $9,336,000 after acquiring an additional 407,530 shares during the period. Institutional investors and hedge funds own 46.11% of the company’s stock.

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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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