Ladder Capital (NYSE:LADR - Get Free Report) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04), Zacks reports. Ladder Capital had a return on equity of 8.78% and a net margin of 21.36%.
Ladder Capital Trading Up 0.0 %
Ladder Capital stock traded up $0.00 during midday trading on Monday, reaching $11.79. The stock had a trading volume of 655,576 shares, compared to its average volume of 597,030. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 13.71 and a beta of 1.92. Ladder Capital has a 52-week low of $10.10 and a 52-week high of $12.48. The company has a fifty day moving average of $11.36 and a 200 day moving average of $11.58.
Ladder Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.80%. Ladder Capital's dividend payout ratio is presently 106.98%.
Wall Street Analysts Forecast Growth
LADR has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of Ladder Capital from $13.00 to $12.75 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. B. Riley raised Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $13.29.
View Our Latest Stock 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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