$71.78 Million in Sales Expected for Ladder Capital Corp (LADR) This Quarter

Equities research analysts predict that Ladder Capital Corp (NYSE:LADR) will report sales of $71.78 million for the current quarter, Zacks reports. Two analysts have provided estimates for Ladder Capital’s earnings, with the highest sales estimate coming in at $80.42 million and the lowest estimate coming in at $63.14 million. Ladder Capital reported sales of $117.73 million during the same quarter last year, which indicates a negative year-over-year growth rate of 39%. The firm is expected to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Ladder Capital will report full year sales of $71.78 million for the current fiscal year, with estimates ranging from $241.05 million to $258.33 million. For the next year, analysts expect that the company will report sales of $297.01 million per share, with estimates ranging from $289.23 million to $304.79 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Ladder Capital.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Ladder Capital had a return on equity of 9.78% and a net margin of 27.38%. The business had revenue of $69.30 million during the quarter, compared to the consensus estimate of $59.05 million. During the same quarter last year, the company earned $0.40 EPS.

A number of analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of Ladder Capital in a research report on Friday, November 3rd. Zacks Investment Research downgraded Ladder Capital from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Bank of America upgraded Ladder Capital from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. ValuEngine upgraded Ladder Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Finally, BidaskClub downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.50.

Ladder Capital (NYSE LADR) opened at $14.67 on Wednesday. Ladder Capital has a 12 month low of $12.82 and a 12 month high of $15.23. The company has a quick ratio of 77.86, a current ratio of 77.86 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $1,620.00, a PE ratio of 16.86, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend was Friday, December 8th. This is an increase from Ladder Capital’s previous quarterly dividend of $0.30. Ladder Capital’s dividend payout ratio (DPR) is 144.83%.

Several institutional investors and hedge funds have recently modified their holdings of LADR. Commonwealth Equity Services Inc bought a new stake in shares of Ladder Capital during the 3rd quarter valued at about $153,000. Principal Financial Group Inc. purchased a new position in shares of Ladder Capital during the 2nd quarter valued at about $156,000. SG Americas Securities LLC raised its holdings in shares of Ladder Capital by 61.4% during the 3rd 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. Legal & General Group Plc raised its holdings in shares of Ladder Capital by 69.9% during the 2nd quarter. Legal & General Group Plc now owns 17,465 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 7,187 shares in the last quarter. Finally, Unison Advisors LLC purchased a new position in shares of Ladder Capital during the 4th quarter valued at about $257,000. Hedge funds and other institutional investors own 46.24% of the company’s stock.

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Ladder Capital Company Profile

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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Earnings History and Estimates for Ladder Capital (NYSE:LADR)

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