According to Zacks, “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. “
Shares of NYSE:LADR opened at $16.68 on Thursday. The company’s fifty day moving average is $16.53. The stock has a market capitalization of $2.00 billion, a PE ratio of 8.55 and a beta of 0.97. Ladder Capital has a 12-month low of $14.75 and a 12-month high of $18.82. The company has a quick ratio of 106.07, a current ratio of 106.07 and a debt-to-equity ratio of 2.87.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $68.37 million during the quarter, compared to analysts’ expectations of $78.38 million. Ladder Capital had a return on equity of 12.25% and a net margin of 27.90%. During the same quarter in the previous year, the business earned $0.55 earnings per share. Sell-side analysts predict that Ladder Capital will post 1.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 10th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend was Friday, June 7th. Ladder Capital’s dividend payout ratio is currently 69.74%.
In other Ladder Capital news, President Pamela Mccormack purchased 1,600 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $16.03 per share, for a total transaction of $25,648.00. Following the completion of the purchase, the president now directly owns 523,965 shares of the company’s stock, valued at $8,399,158.95. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.00% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Ladder Capital by 19.0% in the fourth quarter. Geode Capital Management LLC now owns 1,321,233 shares of the real estate investment trust’s stock worth $20,438,000 after purchasing an additional 210,632 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Ladder Capital by 0.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 173,428 shares of the real estate investment trust’s stock worth $2,952,000 after acquiring an additional 1,428 shares during the period. American International Group Inc. grew its holdings in shares of Ladder Capital by 5.3% in the fourth quarter. American International Group Inc. now owns 60,766 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 3,056 shares during the period. Sage Capital Advisors llc grew its holdings in shares of Ladder Capital by 8.7% in the first quarter. Sage Capital Advisors llc now owns 14,108 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 1,124 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Ladder Capital by 4,101.3% in the first quarter. PNC Financial Services Group Inc. now owns 87,807 shares of the real estate investment trust’s stock worth $1,495,000 after acquiring an additional 85,717 shares during the period. Hedge funds and other institutional investors own 50.99% of the company’s stock.
Ladder Capital Company Profile
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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