B. Riley Analysts Cut Earnings Estimates for Ladder Capital Corp (NYSE:LADR)

Ladder Capital Corp (NYSE:LADR) – Research analysts at B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for shares of Ladder Capital in a note issued to investors on Monday, July 29th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will earn $0.21 per share for the quarter, down from their previous forecast of $0.31. B. Riley has a “Buy” rating and a $14.00 price objective on the stock. The consensus estimate for Ladder Capital’s current full-year earnings is $1.00 per share. B. Riley also issued estimates for Ladder Capital’s Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $1.03 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.27 EPS, Q1 2026 earnings at $0.30 EPS, Q2 2026 earnings at $0.35 EPS and FY2026 earnings at $1.35 EPS.

Several other equities analysts have also issued reports on LADR. StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Bank of America increased their price target on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods increased their price target on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday. JMP Securities increased their price target on Ladder Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a research report on Monday, July 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital Price Performance

LADR opened at $11.77 on Thursday. The stock’s 50-day moving average price is $11.41 and its 200 day moving average price is $11.09. Ladder Capital has a 12-month low of $9.08 and a 12-month high of $12.48. The company has a current ratio of 76.87, a quick ratio of 88.41 and a debt-to-equity ratio of 2.21. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 15.48 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $71.67 million during the quarter, compared to analysts’ expectations of $71.22 million. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.82%. The ex-dividend date of this dividend was Thursday, June 27th. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Insider Transactions at Ladder Capital

In related news, President Pamela Mccormack sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $12.17, for a total transaction of $1,217,000.00. Following the transaction, the president now owns 598,863 shares in the company, valued at approximately $7,288,162.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Ladder Capital by 137.0% in the 1st quarter. Principal Financial Group Inc. now owns 2,040,278 shares of the real estate investment trust’s stock valued at $22,708,000 after buying an additional 1,179,494 shares during the period. Norges Bank acquired a new position in Ladder Capital during the fourth quarter worth $8,923,000. Jennison Associates LLC raised its holdings in Ladder Capital by 6.7% during the first quarter. Jennison Associates LLC now owns 6,328,026 shares of the real estate investment trust’s stock worth $70,431,000 after purchasing an additional 397,817 shares during the last quarter. Wellington Management Group LLP raised its holdings in Ladder Capital by 16.7% during the fourth quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock worth $23,619,000 after purchasing an additional 293,615 shares during the last quarter. Finally, Access Investment Management LLC acquired a new position in Ladder Capital during the fourth quarter worth $3,167,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Company Profile

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.