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Ladder Capital Corp (LADR)

Stock Price: $8.28 USD 0.03 (0.36%)
Updated Aug 11, 2020 4:00 PM EDT - Market closed
After-hours: $8.22 -0.06 (-0.73%) Aug 11, 4:50 PM

Stock Price Chart

Key Info

Market Cap 996.88M
Revenue (ttm) 181.35M
Net Income (ttm) 48.31M
Shares Out 115.02M
EPS (ttm) 0.45
PE Ratio 18.40
Forward PE 9.83
Dividend $0.80
Dividend Yield 9.66%

Stock Quote

Trading Day Aug 11, 2020
Last Price $8.28
Previous Close $8.25
Change ($) 0.03
Change (%) 0.36%
Day's Open 8.52
Day's Range 8.22 - 8.68
Day's Volume 1,024,253
52-Week Range 2.65 - 18.97

More Stats

Market Cap 996.88M
Enterprise Value 5.08B
Earnings Date (est) Oct 29, 2020
Ex-Dividend Date Jun 9, 2020
Shares Outstanding 115.02M
Float 102.09M
EPS (basic) 0.45
EPS (diluted) 0.45
FCF / Share 0.75
Dividend $0.80
Dividend Yield 9.66%
Earnings Yield 5.43%
FCF Yield 8.01%
Payout Ratio 271.10%
Shares Short 3.71M
Short Ratio 2.72
Short % of Float 3.63%
Beta 2.37
PE Ratio 18.40
Forward PE 9.83
P/FCF Ratio 12.48
PS Ratio 5.50
PB Ratio 0.65
Revenue 181.35M
Operating Income 55.33M
Net Income 48.31M
Free Cash Flow 79.88M
Net Cash -4.08B
Net Cash / Share -33.88
Gross Margin 136.95%
Operating Margin 30.51%
Profit Margin 23.90%
FCF Margin 44.05%
ROA 0.88%
ROE 3.62%
ROIC 0.40%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 5
Overweight 0
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$10.42*
(25.85% upside)
Low
8.50
Current: $8.28
High
11.50
Target: 10.42
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year201920182017201620152014201320122011
Revenue298387304279329298314248110
Revenue Growth-23%27.28%9.14%-15.3%10.24%-4.98%26.43%126.12%-
Gross Profit298387304279329298314248110
Operating Income14022813412016112419217273.24
Net Income12318095.2866.7373.8231.5619016971.72
Shares Outstanding10597.2381.9062.0051.7049.3097.15--
Earnings Per Share1.151.841.131.061.420.86---
EPS Growth-37.5%62.83%6.6%-25.35%65.12%----
Dividend Per Share1.361.541.221.292.23----
Dividend Growth-11.4%26.34%-5.45%-42.25%-----
Operating Cash Flow18320011.99338-38.31209475-116340
Capital Expenditures-15.7026.52-213-0.18-107-136-252-353-5.19
Free Cash Flow168227-201338-14672.43223-469335
Cash & Equivalents35698.4518389.4310976.2278.7445.180.00
Total Debt4,8604,4544,3823,9464,2804,1962,2221,506-
Net Cash / Debt-4,504-4,355-4,200-3,856-4,171-4,120-2,143-1,4610.00
Assets6,6696,2736,0265,5785,8955,8143,4892,629-
Liabilities5,0304,6294,5374,0694,4044,3092,3041,531-
Book Value1,4581,4451,2359718287851,1761,098-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Ladder Capital Corp
Country United States
Employees 63
CEO Brian Richard Harris

Stock Information

Ticker Symbol LADR
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Mortgage
Unique Identifier NYSE: LADR
IPO Date February 6, 2014

Description

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. It also invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. The Securities segment invests in commercial mortgage-backed securities and the U.S. Agency Securities. This segment also invests in corporate bonds and real estate related equity investments. The Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties, such as leased properties, student housing portfolio, industrial buildings, office buildings, shopping center, and condominium units. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2008 and is headquartered in New York, New York.