Ladder Capital (NYSE:LADR) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Ladder Capital exceeded quarterly expectations, reporting EPS of $0.35 versus the $0.33 consensus estimate and revenue of $113.11 million, well above the $79.67 million forecast.
• The REIT announced a quarterly dividend of $0.23, equivalent to $0.92 annually and a 10.4% yield; its payout ratio stands at 219.05%.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $12.29 price target, while shares recently traded at $8.84 within a 52-week range of $8.48 to $11.48.

Ladder Capital (NYSE:LADR - Get Free Report) posted its quarterly earnings results on Friday. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02, FiscalAI reports. The business had revenue of $113.11 million during the quarter, compared to analyst estimates of $79.67 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $8.84 on Friday. The firm has a market cap of $1.12 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98. The firm's fifty day moving average is $9.46 and its 200-day moving average is $9.83. The company has a debt-to-equity ratio of 2.81, a quick ratio of 44.15 and a current ratio of 44.15. Ladder Capital has a 52 week low of $8.48 and a 52 week high of $11.48.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.23 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.92 annualized dividend and a yield of 10.4%. Ladder Capital's dividend payout ratio (DPR) is currently 219.05%.

Analyst Ratings Changes

Several analysts have recently commented on LADR shares. Zacks Research raised Ladder Capital from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Bank of America reissued a "neutral" rating and set a $10.25 price objective on shares of Ladder Capital in a report on Wednesday, July 29th. Weiss Ratings lowered Ladder Capital from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.29.

About Ladder Capital

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital's platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.

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