Ladder Capital (NYSE:LADR) Posts Earnings Results, Beats Expectations By $0.05 EPS

Ladder Capital (NYSE:LADR) posted its quarterly earnings data on Thursday. 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, Briefing.com reports. The company had revenue of $71.67 million for the quarter, compared to analyst estimates of $71.22 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.16%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share.

Ladder Capital Stock Performance

Shares of LADR opened at $12.20 on Friday. Ladder Capital has a 1 year low of $9.08 and a 1 year high of $12.48. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 16.05 and a beta of 1.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 88.41 and a current ratio of 88.40. The firm has a fifty day moving average of $11.34 and a 200-day moving average of $11.07.

Ladder Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LADR. BTIG Research restated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research note on Friday, July 19th. Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a report on Wednesday, April 10th. JMP Securities lifted their price objective on shares of Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Wolfe Research initiated coverage on shares of Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $13.13.

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.