Ladder Capital (NYSE:LADR) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Ladder Capital (NYSE:LADR) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04), Zacks reports. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%.

Ladder Capital Stock Up 0.2 %

LADR stock traded up $0.02 during trading on Friday, hitting $11.75. 251,829 shares of the company’s stock traded hands, compared to its average volume of 577,342. The business has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.59. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. Ladder Capital has a 1 year low of $10.10 and a 1 year high of $12.48. The firm has a market capitalization of $1.50 billion, a P/E ratio of 15.46 and a beta of 1.92.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Analyst Ratings Changes

Several research firms have recently commented on LADR. Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $13.29.

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.