Ladder Capital (NYSE:LADR - Get Free Report) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04), Zacks reports. Ladder Capital had a net margin of 21.36% and a return on equity of 8.78%.
Ladder Capital Stock Performance
NYSE LADR traded up $0.00 during trading on Monday, reaching $11.79. The company's stock had a trading volume of 655,576 shares, compared to its average volume of 597,030. The firm has a 50 day moving average price of $11.36 and a 200 day moving average price of $11.58. Ladder Capital has a 12 month low of $10.10 and a 12 month high of $12.48. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.71 and a beta of 1.92. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34.
Ladder Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital's dividend payout ratio (DPR) is 106.98%.
Wall Street Analysts Forecast Growth
LADR has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $13.29.
Check Out Our Latest Report on LADR
Ladder Capital Company Profile
(
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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.
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