Brokerages predict that Ladder Capital Corp (NYSE:LADR) will report $66.46 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ladder Capital’s earnings, with estimates ranging from $63.14 million to $69.78 million. Ladder Capital posted sales of $117.73 million in the same quarter last year, which suggests a negative year over year growth rate of 43.5%. The business is scheduled to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Ladder Capital will report full-year sales of $66.46 million for the current fiscal year, with estimates ranging from $241.05 million to $247.69 million. For the next fiscal year, analysts expect that the business will report sales of $292.28 million per share, with estimates ranging from $279.77 million to $304.79 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Ladder Capital.

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

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.00 price objective on shares of Ladder Capital in a report on Friday, September 22nd. B. Riley reissued a “buy” rating on shares of Ladder Capital in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, ValuEngine raised shares of Ladder Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ladder Capital has an average rating of “Buy” and a consensus price target of $16.17.

Shares of Ladder Capital (NYSE:LADR) traded down $0.18 during trading on Monday, hitting $13.65. 1,148,400 shares of the company were exchanged, compared to its average volume of 589,780. The firm has a market cap of $1,510.00, a PE ratio of 9.96, a P/E/G ratio of 2.08 and a beta of 1.03. The company has a quick ratio of 77.86, a current ratio of 77.86 and a debt-to-equity ratio of 2.86. Ladder Capital has a 1-year low of $12.82 and a 1-year high of $15.23.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 11th will be issued a dividend of $0.315 per share. This is an increase from Ladder Capital’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 9.23%. The ex-dividend date of this dividend is Friday, December 8th. Ladder Capital’s dividend payout ratio (DPR) is 137.93%.

In other news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of Ladder Capital stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total value of $27,100,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its holdings in Ladder Capital 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 acquiring an additional 649 shares during the last quarter. Ares Management LLC boosted its holdings in Ladder Capital by 0.8% in the second quarter. Ares Management LLC now owns 282,460 shares of the real estate investment trust’s stock valued at $3,787,000 after acquiring an additional 2,300 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Ladder Capital by 17.2% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 19,065 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 2,800 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Ladder Capital by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,362,191 shares of the real estate investment trust’s stock worth $18,268,000 after buying an additional 3,763 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Ladder Capital by 61.4% during the 3rd quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 4,593 shares in the last quarter. 46.34% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/11/ladder-capital-corp-ladr-expected-to-announce-quarterly-sales-of-66-46-million-2.html.

Ladder Capital 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).

Get a free copy of the Zacks research report on Ladder Capital (LADR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ladder Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital Corp and related companies with MarketBeat.com's FREE daily email newsletter.