Ladder Capital (NYSE:LADR) Issues Earnings Results

Ladder Capital (NYSE:LADR) announced its earnings results on Friday. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02, FiscalAI reports. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. The business had revenue of $113.11 million during the quarter, compared to analysts’ expectations of $79.67 million.

Ladder Capital Stock Performance

NYSE:LADR opened at $8.84 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98. Ladder Capital has a twelve month low of $8.48 and a twelve month high of $11.48. The company has a current ratio of 44.15, a quick ratio of 44.15 and a debt-to-equity ratio of 2.81. The company has a 50-day moving average of $9.46 and a 200-day moving average of $9.83.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Ladder Capital’s payout ratio is currently 219.05%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LADR shares. Weiss Ratings lowered Ladder Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Zacks Research upgraded Ladder Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Bank of America restated a “neutral” rating and issued a $10.25 target price on shares of Ladder Capital in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on Ladder Capital from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Friday, October 9th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.29.

About Ladder Capital

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.