Ladder Capital (NYSE:LADR) Announces Earnings Results, Beats Estimates By $0.05 EPS

Ladder Capital (NYSE:LADR) 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

A number of research analysts recently issued reports on the stock. BTIG Research reissued a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a research report on Friday, July 19th. JMP Securities lifted their target price on shares of Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Wolfe Research assumed coverage on shares of Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 target price for the company. Finally, StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ladder Capital has an average rating of “Buy” and a consensus price target of $13.00.

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.