Wall Street brokerages forecast that Ladder Capital Corp (NYSE:LADR) will post $31.13 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ladder Capital’s earnings, with estimates ranging from $26.80 million to $35.45 million. Ladder Capital posted sales of $51.03 million in the same quarter last year, which would indicate a negative year over year growth rate of 39%. The company is scheduled to report its next earnings results on Thursday, November 4th.
According to Zacks, analysts expect that Ladder Capital will report full year sales of $128.96 million for the current year, with estimates ranging from $126.10 million to $131.82 million. For the next year, analysts expect that the firm will report sales of $205.61 million, with estimates ranging from $174.80 million to $236.43 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Ladder Capital.
Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, July 29th. The real estate investment trust reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.11. Ladder Capital had a net margin of 4.69% and a return on equity of 0.87%.
Shares of LADR opened at $10.86 on Wednesday. The company has a market capitalization of $1.37 billion, a PE ratio of 91.26 and a beta of 2.24. Ladder Capital has a one year low of $6.33 and a one year high of $12.65. The company has a debt-to-equity ratio of 2.62, a current ratio of 100.81 and a quick ratio of 100.81. The company’s fifty day moving average price is $11.17 and its 200 day moving average price is $11.52.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 29th. This represents a $0.80 annualized dividend and a dividend yield of 7.37%. Ladder Capital’s payout ratio is 258.06%.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Ladder Capital by 3.9% during the 1st quarter. BlackRock Inc. now owns 11,086,999 shares of the real estate investment trust’s stock worth $130,827,000 after purchasing an additional 420,965 shares during the period. Vanguard Group Inc. increased its holdings in shares of Ladder Capital by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,624,425 shares of the real estate investment trust’s stock worth $122,606,000 after purchasing an additional 241,540 shares during the period. Brown Advisory Inc. bought a new stake in Ladder Capital in the first quarter valued at about $47,132,000. Citigroup Inc. increased its stake in Ladder Capital by 47.0% in the second quarter. Citigroup Inc. now owns 2,982,894 shares of the real estate investment trust’s stock valued at $34,423,000 after acquiring an additional 954,106 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Ladder Capital by 4.4% in the second quarter. Nuveen Asset Management LLC now owns 2,445,753 shares of the real estate investment trust’s stock valued at $28,223,000 after acquiring an additional 102,521 shares during the period. Institutional investors own 55.49% of the company’s stock.
Ladder Capital Company Profile
Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale.
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