Zacks: Analysts Expect Ladder Capital Corp (NYSE: LADR) to Report EPS of $0.18

Wall Street brokerages expect Ladder Capital Corp (NYSE:LADR – Get Rating) to report earnings of $0.18 per share for the current quarter, reports Zacks Investment Research. Two analysts released earnings estimates for Ladder Capital. The highest EPS estimate is $0.22 and the lowest is $0.14. Ladder Capital reported earnings of $0.04 per share in the same quarter last year, suggesting a positive 350% year-over-year growth rate. The company is expected to release its next quarterly results on Thursday, May 5.

On average, analysts expect Ladder Capital to report annual earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $1.08. For the next fiscal year, analysts expect the company to post earnings of $0.89 per share. Zacks’ EPS calculations are an average based on a survey of research analysts who cover Ladder Capital.

Ladder Capital (NYSE:LADR – Get Rating) last released its quarterly earnings data on Wednesday, February 9. The real estate investment trust reported EPS of $0.21 for the quarter, beating Thomson Reuters consensus estimate of $0.15 by $0.06. Ladder Capital had a net margin of 15.78% and a return on equity of 3.03%. During the same period of the previous year, the company posted ($0.10) earnings per share.

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A number of research companies have recently commented on the LADR. Zacks Investment Research upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1. TheStreet upgraded Ladder Capital from a “c” rating to a “b-” rating in a Thursday, February 10 research report. StockNews.com upgraded Ladder Capital from a “hold” rating to a “buy” rating in a Friday, Feb. 11 research note. Finally, BTIG Research restated a “buy” rating and set a price target of $13.50 on Ladder Capital shares in a Friday, February 11 report. One financial analyst gave the stock a sell rating, one gave the company a hold rating, three gave the stock a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $13.13.

A number of hedge funds have recently changed their stock holdings. State Street Corp increased its stake in Ladder Capital by 11.3% in the second quarter. State Street Corp now owns 2,284,897 shares of the real estate investment trust worth $26,820,000 after purchasing an additional 232,601 shares during the period. Morgan Stanley increased its stake in Ladder Capital by 63.7% in the second quarter. Morgan Stanley now owns 247,845 shares of the real estate investment trust worth $2,859,000 after purchasing an additional 96,414 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Ladder Capital in Q2 worth approximately $705,000. Amalgamated Bank bought a new position in shares of Ladder Capital in Q2 for a value of approximately $184,000. Finally, Price T Rowe Associates Inc. MD increased its position in Ladder Capital by 5.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 40,569 shares of the real estate investment trust worth $468,000 after buying 2,080 additional shares last quarter. Institutional investors hold 56.42% of the company’s shares.

LADR lost $0.03 on Friday, hitting $11.88. The company’s stock had a trading volume of 806 shares, compared to its average trading volume of 825,410. The company’s 50-day simple moving average is $11.69 and its 200-day simple moving average is $11.69. The company has a market capitalization of $1.52 billion, a P/E ratio of 26.53 and a beta of 2.08. Ladder Capital has a 12 month low of $10.48 and a 12 month high of $12.65. The company has a quick ratio of 103.29, a current ratio of 103.29 and a leverage ratio of 2.79.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 15. Investors of record on Thursday, March 31 will receive a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a yield of 6.73%. The ex-dividend date is Wednesday, March 30. Ladder Capital’s dividend payout ratio is currently 177.78%.

Ladder Capital Company Profile (Get an assessment)

Ladder Capital Corp. is a holding company that provides commercial real estate financing services. It operates through the following segments: Lending, Securities, Real Estate, and Corporate and Other. The loans segment includes mortgages held for investment and mortgages held for sale.

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