Ladder Capital Corp (NYSE:LADR) Expected to Post Quarterly Sales of $78.01 Million

Wall Street brokerages forecast that Ladder Capital Corp (NYSE:LADR) will post $78.01 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ladder Capital’s earnings. The lowest sales estimate is $75.20 million and the highest is $81.86 million. Ladder Capital posted sales of $64.72 million during the same quarter last year, which suggests a positive year over year growth rate of 20.5%. The firm is scheduled to issue its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Ladder Capital will report full-year sales of $291.90 million for the current year, with estimates ranging from $289.30 million to $295.94 million. For the next financial year, analysts anticipate that the firm will report sales of $316.75 million, with estimates ranging from $307.36 million to $332.59 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ladder Capital.

LADR has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Ladder Capital from a “hold” rating to a “strong sell” rating in a research report on Friday, January 24th. Compass Point initiated coverage on shares of Ladder Capital in a research report on Monday, December 2nd. They issued a “buy” rating and a $19.10 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.87.

Several institutional investors have recently modified their holdings of LADR. CWM LLC acquired a new stake in shares of Ladder Capital in the fourth quarter worth $34,000. Golden State Wealth Management LLC lifted its stake in shares of Ladder Capital by 252.9% in the third quarter. Golden State Wealth Management LLC now owns 2,089 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,497 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of Ladder Capital by 798.7% in the fourth quarter. Gradient Investments LLC now owns 2,696 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 2,396 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Ladder Capital in the fourth quarter worth $64,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Ladder Capital by 162.9% in the third quarter. Catalyst Capital Advisors LLC now owns 6,520 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 4,040 shares during the last quarter. Institutional investors and hedge funds own 50.45% of the company’s stock.

LADR stock traded up $0.01 during trading hours on Friday, hitting $18.86. The company’s stock had a trading volume of 340,841 shares, compared to its average volume of 469,192. The company has a quick ratio of 77.18, a current ratio of 77.18 and a debt-to-equity ratio of 2.97. The company has a market capitalization of $2.26 billion, a PE ratio of 18.67 and a beta of 0.97. Ladder Capital has a 12 month low of $15.85 and a 12 month high of $18.97. The stock has a 50 day moving average price of $18.42 and a two-hundred day moving average price of $17.44.

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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