Ladder Capital (NYSE:LADR) Reports Quarterly Results, Beats Expectations With $0.05 EPS

Ladder Capital (NYSE:LADR – Get Free Report) reported quarterly earnings on Thursday. The real estate investment company 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 return on equity of 9.16% and a net margin of 19.07%. The company had revenue of $71.67 million during the quarter, compared to the consensus estimate of $71.22 million. During the same period last year, the company earned $0.31 EPS. The company’s revenue increased 13.4% compared to the same quarter last year.

Ladder Capital shares rise 0.5%

LADR shares opened Friday at $12.20. The stock’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $11.07. The company has a market cap of $1.54 billion, a price/earnings 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 has a fifty-two week low of $9.08 and a fifty-two week high of $12.48.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.23. This represents an annualized dividend of $0.92 and a yield of 7.54%. The ex-dividend date was Thursday, June 27th. Ladder Capital’s payout ratio is 121.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on shares of LADR. Wolfe Research initiated coverage on shares of Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price target for the company. JMP Securities increased their price target on Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday. BTIG Research affirmed a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods lowered their price target on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the stock in a research note on Wednesday, April 10th. Five equities analysts have rated the stock with a “buy” rating. Based on data from MarketBeat.com, the firm currently has an average rating of “Buy” and an average price target of $13.13.

Check out our latest report on LADR

Ladder Capital Company Profile

(Get free report)

Ladder Capital Corp operates as an internally managed real estate investment trust in the United States. It operates through three segments: lending, securities, and real estate. The lending segment originates mortgages primarily secured by cash-flowing commercial real estate; and originates and invests in mortgages primarily secured by commercial real estate that is in transition, including lease-up, sell-out, and renovation or repositioning.

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