Ladder Capital Corp (NASDAQ:LADR) - Equities researchers at FBR & Co reduced their Q2 2017 earnings per share (EPS) estimates for shares of Ladder Capital Corp in a note issued to investors on Tuesday. FBR & Co analyst J. Levi-Ribner now expects that the real estate investment trust will earn $0.31 per share for the quarter, down from their prior estimate of $0.32. FBR & Co currently has a “Outperform” rating and a $16.50 target price on the stock.
Separately, Zacks Investment Research downgraded shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Ladder Capital Corp presently has a consensus rating of “Buy” and an average target price of $15.00.
COPYRIGHT VIOLATION WARNING: “FBR & Co Analysts Cut Earnings Estimates for Ladder Capital Corp (LADR)” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://stocknewstimes.com/2017/08/09/fbr-co-analysts-cut-earnings-estimates-for-ladder-capital-corp-ladr-updated-updated.html.
Ladder Capital Corp (NASDAQ LADR) opened at 13.10 on Thursday. The stock has a 50 day moving average of $13.71 and a 200 day moving average of $14.11. The firm has a market cap of $1.04 billion and a price-to-earnings ratio of 11.33. Ladder Capital Corp has a one year low of $12.14 and a one year high of $15.53.
Ladder Capital Corp (NASDAQ:LADR) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Ladder Capital Corp had a net margin of 22.29% and a return on equity of 5.35%. The company had revenue of $56.52 million during the quarter, compared to analyst estimates of $59.44 million. During the same quarter in the previous year, the business earned $0.38 EPS.
The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Monday, June 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend was Thursday, June 8th.
Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its position in shares of Ladder Capital Corp by 92.8% in the first quarter. First Trust Advisors LP now owns 82,457 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 39,688 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Ladder Capital Corp by 0.8% in the first quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 75 shares during the last quarter. Geneva Advisors LLC bought a new stake in Ladder Capital Corp during the first quarter worth approximately $1,585,000. Strs Ohio boosted its stake in Ladder Capital Corp by 0.8% in the first quarter. Strs Ohio now owns 12,393 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 93 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in Ladder Capital Corp during the first quarter worth approximately $391,000.
About Ladder Capital Corp
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).
Receive News & Ratings for Ladder Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital Corp and related companies with MarketBeat.com's FREE daily email newsletter.
