Ladder Capital (NYSE:LADR) Issues Earnings Results, Beats Expectations By $0.02 EPS

Ladder Capital (NYSE:LADR) announced its quarterly earnings results on Friday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02, FiscalAI reports. The business had revenue of $113.11 million during the quarter, compared to the consensus estimate of $79.67 million. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS.

Ladder Capital Trading Up 2.4%

Shares of NYSE:LADR opened at $8.84 on Friday. The company has a current ratio of 44.15, a quick ratio of 44.15 and a debt-to-equity ratio of 2.81. Ladder Capital has a 12-month low of $8.48 and a 12-month high of $11.48. The company has a market cap of $1.12 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98. The stock has a 50 day moving average of $9.46 and a 200 day moving average of $9.83.

Ladder Capital Announces Dividend

The firm 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 annualized dividend and a dividend yield of 10.4%. The ex-dividend date was Wednesday, September 30th. Ladder Capital’s dividend payout ratio is 219.05%.

Analysts Set New Price Targets

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

Ladder Capital Company Profile

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.