Ladder Capital (NYSE:LADR – Get Free Report) 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
Read Our Latest Stock Report on Ladder Capital
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.
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