Ladder Capital (NYSE:LADR – Get Free Report) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04, Briefing.com reports. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. 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 previous year, the company posted $0.28 EPS.
Ladder Capital Stock Down 0.9 %
NYSE LADR traded down $0.10 during trading on Friday, reaching $11.28. The company’s stock had a trading volume of 775,915 shares, compared to its average volume of 626,310. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $1.44 billion, a PE ratio of 14.28 and a beta of 1.94. The business has a 50-day moving average price of $11.69 and a 200-day moving average price of $11.41. Ladder Capital has a 1-year low of $9.15 and a 1-year high of $12.48.
Ladder Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued 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 dividend payout ratio is currently 116.46%.
Analysts Set New Price Targets
Read Our Latest Stock Report on LADR
Insider Buying and Selling at Ladder Capital
In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares in the company, valued at $4,270,153.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction that occurred on Friday, September 13th. The shares were 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 $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Pamela Mccormack sold 50,000 shares of Ladder Capital 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 directly owns 548,863 shares in the company, valued at approximately $6,723,571.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,000 shares of company stock worth $2,133,250 over the last ninety days. 12.00% of the stock is currently owned by insiders.
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.
Further Reading
- Five stocks we like better than Ladder Capital
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Insider Buying Explained: What Investors Need to Know
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Industrial Products Stocks Investing
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.