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

Ladder Capital (NYSE:LADR) 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

Several research analysts have commented on LADR shares. B. Riley raised their target price on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, July 29th. JMP Securities reiterated a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th. BTIG Research reiterated a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, July 19th. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

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.