Ladder Capital (LADR) Set to Announce Earnings on Thursday

Ladder Capital (NYSE:LADR - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Ladder Capital to post earnings of $0.26 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The company had revenue of $71.67 million during the quarter, compared to analyst estimates of $71.22 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The company's revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. On average, analysts expect Ladder Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ladder Capital Stock Performance

Shares of NYSE LADR remained flat at $11.19 during mid-day trading on Friday. 526,181 shares of the stock traded hands, compared to its average volume of 623,229. The firm has a market cap of $1.42 billion, a P/E ratio of 14.72 and a beta of 1.94. The firm's fifty day moving average price is $11.76 and its two-hundred day moving average price is $11.40. The company has a debt-to-equity ratio of 2.21, a quick ratio of 76.87 and a current ratio of 76.87. Ladder Capital has a 12 month low of $9.08 and a 12 month high of $12.48.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital's payout ratio is 121.05%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LADR. Bank of America raised their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. StockNews.com cut shares of Ladder Capital from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 26th. JMP Securities reissued a "market outperform" rating and set a $13.50 price target on shares of Ladder Capital in a research note on Friday, August 30th. Keefe, Bruyette & Woods increased their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research note on Tuesday, July 30th. Finally, B. Riley increased their price target on shares of Ladder Capital from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Ladder Capital presently has a consensus rating of "Moderate Buy" and an average target price of $13.33.

Insiders Place Their Bets

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now owns 351,453 shares of the company's stock, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Robert Perelman sold 25,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the transaction, the insider now owns 351,453 shares of the company's stock, valued at $4,270,153.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Pamela Mccormack sold 50,000 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the transaction, the president now directly owns 548,863 shares of the company's stock, valued at $6,723,571.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,000 shares of company stock valued at $2,133,250. Company insiders own 12.00% of the company's stock.

Ladder Capital Company Profile

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.