Ladder Capital (NYSE:LADR) Announces Earnings Results

Ladder Capital (NYSE:LADR) announced its earnings results on Thursday. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04, Briefing.com reports. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. The company had revenue of $128.64 million for the quarter, compared to analysts’ expectations of $60.85 million. During the same quarter in the prior year, the business earned $0.28 earnings per share.

Ladder Capital Stock Performance

LADR stock opened at $11.28 on Friday. The company has a quick ratio of 76.87, a current ratio of 76.87 and a debt-to-equity ratio of 2.21. Ladder Capital has a twelve month low of $9.15 and a twelve month high of $12.48. The business’s fifty day moving average is $11.69 and its 200-day moving average is $11.41. The company has a market cap of $1.44 billion, a P/E ratio of 14.28 and a beta of 1.94.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.16%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital’s payout ratio is 116.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Bank of America increased their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. B. Riley boosted their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. BTIG Research reiterated a “buy” rating and issued a $13.50 price objective on shares of Ladder Capital in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods lifted their target price on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Insider Buying and Selling

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the transaction, the insider now owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the transaction, the president now owns 548,863 shares in the company, valued at approximately $6,723,571.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares of the company’s stock, valued at $4,270,153.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock valued at $2,133,250 over the last three months. Company insiders own 12.00% 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.