Ladder Capital Corp (NYSE:LADR) – Equities research analysts at B. Riley lowered their Q1 2018 earnings estimates for shares of Ladder Capital in a report released on Thursday, according to Zacks Investment Research. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.36. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Ladder Capital’s Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.41 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.34 EPS and Q4 2019 earnings at $0.40 EPS.
LADR has been the subject of several other reports. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Saturday, January 20th. ValuEngine upgraded Ladder Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Bank of America upgraded Ladder Capital from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, BidaskClub cut Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $16.50.
Shares of Ladder Capital (LADR) traded up $0.12 during mid-day trading on Friday, reaching $14.41. The company had a trading volume of 3,089,769 shares, compared to its average volume of 1,809,930. The company has a debt-to-equity ratio of 2.86, a quick ratio of 77.86 and a current ratio of 77.86. The stock has a market capitalization of $1,580.00, a PE ratio of 16.56, a P/E/G ratio of 2.03 and a beta of 1.04. Ladder Capital has a 52 week low of $12.82 and a 52 week high of $15.23.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $59.05 million. Ladder Capital had a return on equity of 9.78% and a net margin of 27.38%. During the same period last year, the business earned $0.40 earnings per share.
Institutional investors have recently bought and sold shares of the company. Evercore Wealth Management LLC purchased a new stake in shares of Ladder Capital in the second quarter valued at approximately $134,000. BNP Paribas Arbitrage SA increased its position in shares of Ladder Capital by 833.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 9,106 shares in the last quarter. Commonwealth Equity Services Inc purchased a new stake in shares of Ladder Capital in the third quarter valued at approximately $153,000. Principal Financial Group Inc. purchased a new stake in shares of Ladder Capital in the second quarter valued at approximately $156,000. Finally, SG Americas Securities LLC increased its position in shares of Ladder Capital by 61.4% in the third quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 4,593 shares in the last quarter. Institutional investors and hedge funds own 46.20% of the company’s stock.
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About Ladder Capital
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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