Ladder Capital (NYSE:LADR) released its quarterly earnings data on Thursday. The real estate investment trust reported EPS of $0.21 for the quarter, beating the consensus estimate of $0.10 by $0.11, MarketWatch Earnings reports. Ladder Capital had a net margin of 5.35% and a return on equity of 0.80%. In the same quarter of the previous year, the company had earned earnings per share of $0.10.
LADR action traded at $0.11 in Friday’s midday session, hitting $11.74. The company had a trading volume of 28,574 shares, compared to an average volume of 526,806. The company has a leverage ratio of 2.49, a current ratio of 94.17 and a quick ratio of 94.17. Ladder Capital has a 1-year low of $10.03 and a 1-year high of $12.65. The company has a market capitalization of $1.47 billion, a P/E ratio of 93.01 and a beta of 2.09. The company has a 50-day moving average price of $11.86 and a 200-day moving average price of $11.63.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 18. Shareholders of record on Friday, December 31 received a dividend of $0.20. The ex-dividend date was Thursday, December 30. This represents a dividend of $0.80 on an annualized basis and a yield of 6.81%. Ladder Capital’s dividend payout ratio is currently 615.43%.
A number of hedge funds have recently increased or reduced their stakes in the company. Morgan Stanley increased its stake in Ladder Capital shares by 63.7% in Q2. Morgan Stanley now owns 247,845 shares of the real estate investment trust worth $2,859,000 after acquiring an additional 96,414 shares in the last quarter. Royal Bank of Canada increased its holdings of Ladder Capital shares by 16.2% in Q3. Royal Bank of Canada now owns 68,016 shares of the real estate investment trust worth $751,000 after acquiring 9,484 additional shares in the last quarter. Janus Henderson Group PLC bought a new equity stake in Ladder Capital in Q3 for a value of approximately $121,000. BNP Paribas Arbitrage SA increased its stake in Ladder Capital shares by 27.0% in the third quarter. BNP Paribas Arbitrage SA now owns 43,557 shares of the real estate investment trust worth $481,000 after acquiring an additional 9,273 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Ladder Capital shares by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 491,907 shares of the real estate investment trust worth $5,435,000 after acquiring 30,032 additional shares in the last quarter. 55.40% of the shares are held by institutional investors and hedge funds.
LADR has been the subject of several recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a price target of $13.50 on shares of Ladder Capital in a Friday, October 29 research note. Zacks Investment Research cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a Wednesday, Jan. 26, research note. Two research analysts rated the stock with a sell rating, three issued a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $13.13.
About Ladder Capital
Ladder Capital Corp. is a holding company that provides commercial real estate financing services. It operates through the following segments: Lending, Securities, Real Estate, and Corporate and Other. The loans segment includes mortgages held for investment and mortgages held for sale.
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