Ladder Capital Corp (LADR) Expected to Announce Quarterly Sales of $66.46 Million
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.
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.
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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).
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