Wall Street brokerages expect Ladder Capital Corp (NYSE:LADR) to post sales of $79.67 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ladder Capital’s earnings, with the highest sales estimate coming in at $81.24 million and the lowest estimate coming in at $78.10 million. Ladder Capital reported sales of $117.83 million during the same quarter last year, which indicates a negative year-over-year growth rate of 32.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 1st.
According to Zacks, analysts expect that Ladder Capital will report full-year sales of $335.16 million for the current year, with estimates ranging from $328.60 million to $341.72 million. For the next year, analysts anticipate that the firm will post sales of $349.19 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Ladder Capital.
Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Wednesday, February 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Ladder Capital had a return on equity of 13.96% and a net margin of 30.71%. During the same quarter in the prior year, the company posted $0.47 EPS.
LADR stock traded up $0.11 on Wednesday, hitting $17.02. 1,245,484 shares of the company’s stock were exchanged, compared to its average volume of 1,018,139. Ladder Capital has a 12-month low of $13.70 and a 12-month high of $18.82. The company has a debt-to-equity ratio of 2.71, a current ratio of 43.78 and a quick ratio of 43.78. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 8.73 and a beta of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 7.99%. This is a boost from Ladder Capital’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, March 8th. Ladder Capital’s dividend payout ratio is 69.74%.
A number of large investors have recently added to or reduced their stakes in LADR. Pearl River Capital LLC acquired a new stake in shares of Ladder Capital in the fourth quarter valued at $25,000. Intercontinental Wealth Advisors LLC purchased a new position in shares of Ladder Capital during the fourth quarter worth about $29,000. FCA Corp TX purchased a new position in shares of Ladder Capital during the fourth quarter worth about $140,000. Tower Research Capital LLC TRC purchased a new position in shares of Ladder Capital during the third quarter worth about $159,000. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Ladder Capital during the fourth quarter worth about $175,000. Institutional investors own 52.75% of the company’s stock.
About Ladder Capital
Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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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