Ladder Capital Corp to Post Q3 2024 Earnings of $0.31 Per Share, B. Riley Forecasts (NYSE:LADR)

Ladder Capital Corp (NYSE:LADR) – Equities research analysts at B. Riley cut their Q3 2024 EPS estimates for Ladder Capital in a research report issued to clients and investors on Tuesday, July 23rd. B. Riley analyst M. Howlett now forecasts that the real estate investment trust will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.32. The consensus estimate for Ladder Capital’s current full-year earnings is $1.09 per share. B. Riley also issued estimates for Ladder Capital’s FY2024 earnings at $1.15 EPS.

LADR has been the subject of several other research reports. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday. BTIG Research reaffirmed a “buy” rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, July 19th. JMP Securities upped their price objective on shares of Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research report on Monday, July 22nd. Finally, Wolfe Research assumed coverage on shares of Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 target price for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ladder Capital has a consensus rating of “Buy” and a consensus target price of $13.13.

Ladder Capital Trading Up 0.5 %

LADR opened at $12.20 on Friday. Ladder Capital has a twelve month low of $9.08 and a twelve month high of $12.48. The company has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $11.07. The company has a quick ratio of 88.41, a current ratio of 88.40 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.05 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $71.67 million during the quarter, compared to analysts’ expectations of $71.22 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.16%. Ladder Capital’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.54%. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Ladder Capital in the first quarter valued at approximately $148,000. HB Wealth Management LLC increased its stake in shares of Ladder Capital by 7.2% in the fourth quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 935 shares during the period. Quest Partners LLC acquired a new position in shares of Ladder Capital in the fourth quarter valued at approximately $186,000. ProShare Advisors LLC increased its stake in shares of Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,602 shares during the period. Finally, Cetera Advisors LLC increased its position in Ladder Capital by 12.8% during the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 3,161 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.