Ladder Capital (NYSE:LADR) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01), Briefing.com reports. The firm had revenue of $69.05 million for the quarter, compared to analysts’ expectations of $72.31 million. Ladder Capital had a net margin of 26.91% and a return on equity of 12.05%. The firm’s revenue for the quarter was down 44.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS.
Shares of LADR stock traded up $0.02 on Friday, hitting $17.01. The company had a trading volume of 1,506,601 shares, compared to its average volume of 683,808. The firm has a market cap of $1.98 billion, a P/E ratio of 8.72 and a beta of 0.97. The company has a 50-day moving average price of $17.16 and a 200-day moving average price of $16.82. The company has a quick ratio of 62.27, a current ratio of 62.27 and a debt-to-equity ratio of 2.80. Ladder Capital has a twelve month low of $14.75 and a twelve month high of $18.82.
Several research firms have weighed in on LADR. Zacks Investment Research downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. JPMorgan Chase & Co. decreased their price objective on Ladder Capital from $18.00 to $17.50 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.75.
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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