Ladder Capital (NYSE:LADR) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Ladder Capital (NYSE:LADR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04), Zacks reports. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%.

Ladder Capital Trading Up 4.2 %

Shares of LADR traded up $0.47 on Thursday, hitting $11.72. 880,981 shares of the stock traded hands, compared to its average volume of 591,360. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $1.50 billion, a P/E ratio of 15.43 and a beta of 1.92. Ladder Capital has a 1 year low of $10.10 and a 1 year high of $12.48. The stock’s 50 day moving average is $11.37 and its two-hundred day moving average is $11.59.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.85%. The ex-dividend date was Tuesday, December 31st. Ladder Capital’s payout ratio is 121.05%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price target on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ladder Capital currently has a consensus rating of “Buy” and an average price target of $13.29.

Ladder Capital Company Profile

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.