Ladder Capital (NYSE:LADR) Announces Earnings Results

Ladder Capital (NYSE:LADRGet Free Report) posted its earnings results on Thursday. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02, Yahoo Finance reports. Ladder Capital had a net margin of 23.98% and a return on equity of 9.56%. The firm had revenue of $121.27 million for the quarter, compared to analysts’ expectations of $63.22 million. During the same quarter last year, the firm earned $0.28 EPS.

Ladder Capital Stock Performance

Ladder Capital stock traded up $0.01 during mid-day trading on Friday, reaching $10.68. The company’s stock had a trading volume of 613,848 shares, compared to its average volume of 698,981. Ladder Capital has a 12-month low of $8.76 and a 12-month high of $12.00. The company has a market capitalization of $1.36 billion, a P/E ratio of 9.25 and a beta of 1.94. The company has a debt-to-equity ratio of 2.47, a quick ratio of 66.82 and a current ratio of 66.82. The firm’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $10.82.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.92 annualized dividend and a dividend yield of 8.61%. Ladder Capital’s payout ratio is currently 80.70%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Comerica Bank purchased a new position in Ladder Capital in the 3rd quarter valued at approximately $33,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Ladder Capital during the 4th quarter valued at $42,000. Tower Research Capital LLC TRC grew its position in shares of Ladder Capital by 55.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,431 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,575 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of Ladder Capital during the 2nd quarter valued at $103,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Ladder Capital during the 1st quarter valued at $93,000. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, raised shares of Ladder Capital from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th.

View Our Latest Analysis on LADR

About Ladder Capital

(Get Free Report)

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. The company 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.

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Earnings History for Ladder Capital (NYSE:LADR)

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