FY2024 EPS Estimates for Ladder Capital Decreased by Analyst

Ladder Capital Corp (NYSE:LADR) – Stock analysts at B. Riley reduced their FY2024 EPS estimates for shares of Ladder Capital in a research note issued on Monday, January 27th. B. Riley analyst R. Binner now expects that the real estate investment trust will earn $1.05 per share for the year, down from their previous forecast of $1.06. B. Riley 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 lowered their target price on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.29.

Ladder Capital Stock Performance

Shares of NYSE:LADR opened at $11.23 on Tuesday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.77 and a beta of 1.92. The firm’s 50 day simple moving average is $11.44 and its 200 day simple moving average is $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 fifty-two week low of $10.10 and a fifty-two week high of $12.48.

Institutional Investors Weigh In On Ladder Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Longboard Asset Management LP bought a new position in shares of Ladder Capital in the fourth quarter worth $160,000. Janney Montgomery Scott LLC bought a new position in Ladder Capital in the 4th quarter valued at about $112,000. SG Americas Securities LLC lifted its holdings in shares of Ladder Capital by 15.9% during the 4th quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 4,027 shares during the period. HB Wealth Management LLC boosted its position in shares of Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in 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 valued at $23,434,000 after acquiring an additional 96,573 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Dividend Announcement

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

About Ladder Capital

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.