Ladder Capital (NYSE:LADR – Get Free Report) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05, Briefing.com reports. Ladder Capital had a net margin of 19.07% and a return on equity of 9.16%. The company had revenue of $71.67 million during the quarter, compared to analysts’ expectations of $71.22 million. During the same period last year, the company posted $0.31 EPS. Ladder Capital’s revenue was up 13.4% on a year-over-year basis.
Ladder Capital Stock Performance
Shares of LADR stock traded up $0.06 during trading hours on Friday, reaching $12.20. The company had a trading volume of 518,707 shares, compared to its average volume of 684,677. The business has a fifty day moving average price of $11.34 and a 200-day moving average price of $11.07. Ladder Capital has a one year low of $9.08 and a one year high of $12.48. The firm has a market cap of $1.54 billion, a PE ratio of 16.05 and a beta of 1.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 88.41 and a current ratio of 88.40.
Ladder Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.23 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.54%. Ladder Capital’s dividend payout ratio is presently 121.05%.
Analysts Set New Price Targets
Read Our Latest Analysis on LADR
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.
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