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.
ILLEGAL ACTIVITY WARNING: “$71.78 Million in Sales Expected for Ladder Capital Corp (LADR) This Quarter” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/15/71-78-million-in-sales-expected-for-ladder-capital-corp-ladr-this-quarter.html.
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).
Get a free copy of the Zacks research report on Ladder Capital (LADR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.