Ladder Capital Corp (NYSE:LADR) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.10 per share.
Looking ahead, the full year income are expected at $ 0.60 per share on the revenues of $ 253.00 million.
Previous Quarter Performance
Ladder Capital Corp disclosed income for the second quarter of $ 0.12 per share, from the revenue of $ 24.58 million. The quarterly earnings fell 72.09 percent while revenues fell 71.19 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.03 per share from $ 70.47 million in revenue. The bottom line results beat street analysts by $ 0.09 or 300.00 percent, at the same time, top line results fell short of analysts by $ 45.89 million or 65.12 percent.
Stock Performance
Shares of Ladder Capital Corp traded low $ -0.09 or -1.27 percent on Wednesday, reaching $ 6.98 with volume of 882.10 thousand shares. Ladder Capital Corp has traded high as $ 7.07 and has cracked $ 6.85 on the downward trend
According to the previous trading day, closing price of $ 6.98, representing a 166.79 % increase from the 52 week low of $ 2.65 and a 62.73 % decrease over the 52 week high of $ 18.97.
The company has a market capital of $ 840.36 million and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by JMP Securities at Market Outperform rating, with $ 10.00 target price.
Recent Stock Dividend Announcement
On August 31, 2020, the board of directors authorized 3Q20 dividend of $ 0.20 per share to holders of record as of the close of business on September 10, 2020, with payment date of October 1, 2020 and ex-dividend date on September 9, 2020.
Conference Call
Ladder Capital Corp will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.laddercapital.com
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.
