FY2024 EPS Estimates for Ladder Capital Lowered by Analyst

Ladder Capital Corp (NYSE:LADR) – Investment analysts at B. Riley lowered their FY2024 earnings per share (EPS) estimates for Ladder Capital in a note issued to investors on Monday, January 27th. B. Riley analyst R. Binner now expects that the real estate investment trust will post earnings per share of $1.05 for the year, down from their prior estimate of $1.06. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Ladder Capital’s current full-year earnings is $1.04 per share. B. Riley also issued estimates for Ladder Capital’s Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.33 EPS.

Separately, Keefe, Bruyette & Woods decreased their price target on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $13.29.

Ladder Capital Stock Up 0.0 %

Shares of NYSE LADR opened at $11.23 on Tuesday. The company has a 50 day simple moving average of $11.44 and a 200 day simple moving average of $11.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. Ladder Capital has a 1 year low of $10.10 and a 1 year high of $12.48. The firm has a market cap of $1.43 billion, a PE ratio of 14.77 and a beta of 1.92.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio is currently 121.05%.

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC boosted its position in Ladder Capital by 1.6% during the third quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock worth $78,505,000 after purchasing an additional 108,079 shares during the period. State Street Corp boosted its holdings in Ladder Capital by 1.9% in the 3rd quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock worth $35,411,000 after buying an additional 54,598 shares during the period. Geode Capital Management LLC grew its stake in Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock valued at $30,743,000 after buying an additional 8,178 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ladder Capital by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after acquiring an additional 96,573 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Ladder Capital by 1.0% in the third quarter. Victory Capital Management Inc. now owns 1,640,319 shares of the real estate investment trust’s stock valued at $19,028,000 after purchasing an additional 15,938 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.