Ladder Capital (NYSE:LADR) Announces Earnings Results, Beats Estimates By $0.04 EPS

Ladder Capital (NYSE:LADR) announced its earnings results on Thursday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04, Briefing.com reports. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The business had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share.

Ladder Capital Price Performance

NYSE:LADR traded down $0.10 during mid-day trading on Friday, reaching $11.28. 775,915 shares of the company were exchanged, compared to its average volume of 626,310. Ladder Capital has a 12 month low of $9.15 and a 12 month high of $12.48. The company has a fifty day moving average of $11.69 and a 200 day moving average of $11.41. The company has a quick ratio of 76.87, a current ratio of 76.87 and a debt-to-equity ratio of 2.21. The stock has a market cap of $1.44 billion, a PE ratio of 14.28 and a beta of 1.94.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio is currently 116.46%.

Insiders Place Their Bets

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the sale, the insider now owns 351,453 shares of the company’s stock, valued at $4,270,153.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the transaction, the president now directly owns 548,863 shares in the company, valued at approximately $6,723,571.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the transaction, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,000 shares of company stock valued at $2,133,250 in the last 90 days. 12.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods upped their target price on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th. Bank of America upped their target price on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from 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.