About Ladder Capital Corp (NASDAQ:LADR)
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). The securities segment consists of all of its activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Corporate/other segment includes the Company's investments in joint ventures, other asset management activities and operating expenses. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets.
Industry, Sector and Symbol:
- Market Cap: $1.19 billion
- Outstanding Shares: 86,050,000
- 50 Day Moving Avg: $13.65
- 200 Day Moving Avg: $13.86
- 52 Week Range: $12.14 - $15.53
Sales & Book Value:
- Trailing P/E Ratio: 12.05
- Foreward P/E Ratio: 9.01
- P/E Growth: 1.88
- Annual Revenue: $325.34 million
- Price / Sales: 3.65
- Book Value: $13.10 per share
- Price / Book: 1.05
- Net Margins: 15.32%
- Return on Equity: 3.93%
- Return on Assets: 0.89%
- Average Volume: 581,974 shs.
- Short Ratio: 2.23
Frequently Asked Questions for Ladder Capital Corp (NASDAQ:LADR)
What is Ladder Capital Corp's stock symbol?
Ladder Capital Corp trades on the NASDAQ under the ticker symbol "LADR."
How often does Ladder Capital Corp pay dividends? What is the dividend yield for Ladder Capital Corp?
Ladder Capital Corp announced a quarterly dividend on Wednesday, August 23rd. Investors of record on Monday, September 11th will be given a dividend of $0.30 per share on Monday, October 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date is Friday, September 8th. View Ladder Capital Corp's Dividend History.
How were Ladder Capital Corp's earnings last quarter?
Ladder Capital Corp (NASDAQ:LADR) issued its earnings results on Wednesday, August, 2nd. The company reported $0.42 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.11. The company had revenue of $52.10 million for the quarter, compared to analyst estimates of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The firm's revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. View Ladder Capital Corp's Earnings History.
When will Ladder Capital Corp make its next earnings announcement?
Where is Ladder Capital Corp's stock going? Where will Ladder Capital Corp's stock price be in 2017?
6 brokerages have issued 12-month target prices for Ladder Capital Corp's shares. Their forecasts range from $14.50 to $16.50. On average, they anticipate Ladder Capital Corp's stock price to reach $15.67 in the next year. View Analyst Ratings for Ladder Capital Corp.
What are analysts saying about Ladder Capital Corp stock?
Here are some recent quotes from research analysts about Ladder Capital Corp stock:
- 1. According to Zacks Investment Research, "Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. " (9/28/2017)
- 2. FBR & Co analysts commented, "This morning, 2/28, Ladder Capital announced that Related Companies, a real estate investment firm, has purchased $80 million of LADR common stock from certain pre-IPO shareholders, including TowerBrook Capital and GI Partners. In conjunction with the transaction, Richard O'Toole, an Executive Vice President at Related, will be joining LADR's board of directors. We view this transaction to be positive for a couple of reasons: 1) Related has a strong asset management division and a large network of institutional relationships that will support LADR's third-party capital raising efforts, and 2) the transaction will improve trading liquidity of the stock as private equity funds have restricted the float of shares, which has discouraged larger incremental buyers from getting involved despite the strong fundamental story. Following this announcement, we reiterate our Outperform rating on shares of LADR." (2/28/2017)
Who are some of Ladder Capital Corp's key competitors?
Some companies that are related to Ladder Capital Corp include Invesco Mortgage Capital (IVR), Apollo Commercial Real Estate Finance (ARI), CYS Investments (CYS), Redwood Trust (RWT), KKR Real Estate Finance Trust (KREF), PennyMac Mortgage Investment Trust (PMT), Capstead Mortgage Corporation (CMO), American Capital Mortgage Investment Corp. (MTGE), iStar Financial (STAR), Granite Point Mortgage Trust (GPMT), New York Mortgage Trust (NYMT), AG Mortgage Investment Trust (MITT), Orchid Island Capital (ORC), Western Asset Mortgage Capital Corporation (WMC), Ares Commercial Real Estate Corporation (ACRE), Dynex Capital (DX), Great Ajax Corp. (AJX) and Cherry Hill Mortgage Investment Corporation (CHMI).
Who are Ladder Capital Corp's key executives?
Ladder Capital Corp's management team includes the folowing people:
- Pamela L. McCormack, President
- Brian D. Harris, Chief Executive Officer, Director
- Marc Fox, Chief Financial Officer
- Kelly Amanda Porcella, General Counsel, Secretary
- Thomas Harney, Head of Merchant Banking and Capital Markets
- Robert M. Perelman, Head of Asset Management
- Alan H. Fishman, Non-Executive Independent Chairman of the Board
- Michael Mazzei, Director
- Mark Alexander, Independent Director
- Douglas Durst, Independent Director
Who owns Ladder Capital Corp stock?
Ladder Capital Corp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include
GI PARTNERS FUND III LP
OMERS ADMINISTRATION CORP
(6.10%) and SeaBridge Investment Advisors LLC (0.14%). Company insiders that own Ladder Capital Corp stock include Brian Harris, Gi Partners Fund Iii Lp, Howard Park, Investor Executi Towerbrook II and Investors Ltd Towerbrook. View Institutional Ownership Trends for Ladder Capital Corp.
Who sold Ladder Capital Corp stock? Who is selling Ladder Capital Corp stock?
Ladder Capital Corp's stock was sold by a variety of institutional investors in the last quarter, including SeaBridge Investment Advisors LLC. Company insiders that have sold Ladder Capital Corp stock in the last year include Gi Partners Fund Iii Lp, Howard Park, Investor Executi Towerbrook II and Investors Ltd Towerbrook. View Insider Buying and Selling for Ladder Capital Corp.
How do I buy Ladder Capital Corp stock?
Shares of Ladder Capital Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ladder Capital Corp's stock price today?
MarketBeat Community Rating for Ladder Capital Corp (NASDAQ LADR)MarketBeat's community ratings are surveys of what our community members think about Ladder Capital Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Ladder Capital Corp stock can currently be purchased for approximately $13.79.
Consensus Ratings for Ladder Capital Corp (NASDAQ:LADR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.83)|
|Consensus Price Target: ||$15.67 (13.61% upside)|Consensus Price Target History for Ladder Capital Corp (NASDAQ:LADR)
Analysts' Ratings History for Ladder Capital Corp (NASDAQ:LADR)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/22/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$16.00||Low|
|4/5/2017||FBR & Co||Boost Price Target||Outperform||$16.00 -> $16.50||Low|
|3/14/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||Low|
|12/21/2016||Bank of America Corporation||Downgrade||Buy -> Neutral||N/A|
|11/16/2016||JMP Securities||Reiterated Rating||Buy||N/A|
|11/4/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||$14.50||N/A|
|8/10/2016||Citigroup Inc.||Boost Price Target||Neutral||$12.00 -> $13.00||N/A|
Earnings History for Ladder Capital Corp (NASDAQ:LADR)Earnings History by Quarter for Ladder Capital Corp (NASDAQ LADR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.31||$0.42||$76.60 million||$52.10 million||View||Listen|
|5/9/2017||Q1 2017||$0.29||$0.29||$59.44 million||$56.52 million||View||Listen|
|2/23/2017||Q416||$0.39||$0.37||$82.59 million||$117.73 million||View||N/A|
|11/3/2016||Q316||$0.36||$0.40||$75.18 million||$98.93 million||View||N/A|
|8/4/2016||Q216||$0.35||$0.32||$72.20 million||$39.20 million||View||N/A|
Earnings Estimates for Ladder Capital Corp (NASDAQ:LADR)
2017 EPS Consensus Estimate: $1.26
2018 EPS Consensus Estimate: $1.44
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Ladder Capital Corp (NASDAQ LADR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Ladder Capital Corp (NASDAQ:LADR)Insider Trades by Quarter for Ladder Capital Corp (NASDAQ:LADR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/10/2017||Gi Partners Fund Iii Lp||Major Shareholder||Sell||2,000,000||$13.55||$27,100,000.00|| |
|8/21/2017||Brian Harris||CEO||Buy||10,000||$13.41||$134,100.00|| |
|3/13/2017||Howard Park||Director||Sell||1,113,057||$14.05||$15,638,450.85|| |
|3/13/2017||Investor Executi Towerbrook II||Major Shareholder||Sell||1,113,056||$14.05||$15,638,436.80|| |
|3/3/2017||Gi Partners Fund Iii Lp||Director||Sell||2,023,254||$13.59||$27,496,021.86|| |
|3/3/2017||Investor Executi Towerbrook II||Major Shareholder||Sell||1,792,169||$13.59||$24,355,576.71|| |
|12/12/2016||Investors Ltd. Towerbrook||Major Shareholder||Sell||4,441,661||$13.60||$60,406,589.60|| |
Headline Trends for Ladder Capital Corp (NASDAQ:LADR)
Latest Headlines for Ladder Capital Corp (NASDAQ:LADR)
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Ladder Capital Corp (LADR) Chart for Sunday, October, 22, 2017