Brokers Offer Predictions for Ladder Capital Corp’s FY2017 Earnings (LADR)
Ladder Capital Corp (NYSE:LADR) – B. Riley lifted their FY2017 EPS estimates for Ladder Capital in a research report issued to clients and investors on Thursday. B. Riley analyst J. Levi-Ribner now anticipates that the real estate investment trust will earn $1.36 per share for the year, up from their previous estimate of $1.31. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Ladder Capital’s Q4 2017 earnings at $0.40 EPS and FY2019 earnings at $1.46 EPS.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Ladder Capital had a return on equity of 9.78% and a net margin of 27.38%. The business had revenue of $69.30 million for the quarter, compared to analyst estimates of $59.05 million. During the same period last year, the company earned $0.40 EPS.
Ladder Capital (LADR) opened at $13.59 on Monday. The company has a current ratio of 77.86, a quick 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 stock has a market capitalization of $1,510.00, a P/E ratio of 15.62, a P/E/G ratio of 1.93 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Monday, December 11th were issued a $0.315 dividend. The ex-dividend date was Friday, December 8th. This represents a $1.26 annualized dividend and a yield of 9.27%. This is a boost from Ladder Capital’s previous quarterly dividend of $0.30. Ladder Capital’s dividend payout ratio (DPR) is 144.83%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LADR. BlackRock Inc. lifted its stake in shares of Ladder Capital by 44.3% in the 2nd quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock valued at $95,416,000 after purchasing an additional 2,183,991 shares during the period. Vanguard Group Inc. lifted its stake in shares of Ladder Capital by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock valued at $76,459,000 after purchasing an additional 712,583 shares during the period. Boston Partners purchased a new position in shares of Ladder Capital in the 3rd quarter valued at approximately $8,944,000. Prudential Financial Inc. lifted its stake in shares of Ladder Capital by 150.9% in the 3rd quarter. Prudential Financial Inc. now owns 677,531 shares of the real estate investment trust’s stock valued at $9,336,000 after purchasing an additional 407,530 shares during the period. Finally, State Street Corp lifted its stake in shares of Ladder Capital by 50.6% in the 2nd quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock valued at $16,219,000 after purchasing an additional 406,141 shares during the period. Institutional investors and hedge funds own 46.18% of the company’s stock.
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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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