Ladder Capital (LADR) to Release Quarterly Earnings on Thursday

Ladder Capital (NYSE:LADR) is scheduled to release its earnings data before the market opens on Thursday, October 24th. Analysts expect Ladder Capital to post earnings of $0.26 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The firm had revenue of $71.67 million during the quarter, compared to analysts’ expectations of $71.22 million. During the same period in the previous year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts expect Ladder Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ladder Capital Trading Down 0.1 %

NYSE:LADR opened at $10.95 on Wednesday. The company has a 50 day simple moving average of $11.73 and a two-hundred day simple moving average of $11.41. The company has a market cap of $1.39 billion, a PE ratio of 14.41 and a beta of 1.94. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21. Ladder Capital has a 12 month low of $9.08 and a 12 month high of $12.48.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio is 121.05%.

Insider Buying and Selling

In related news, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, President Pamela Mccormack sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the sale, the president now directly owns 548,863 shares of the company’s stock, valued at $6,723,571.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,000 shares of company stock worth $2,133,250. 12.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LADR. Keefe, Bruyette & Woods increased their price objective on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Bank of America increased their price target on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. JMP Securities reissued a “market outperform” rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, August 30th. BTIG Research reaffirmed a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, July 19th. Finally, StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Ladder Capital has an average rating of “Moderate Buy” and a consensus target price of $13.33.

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.