Ladder Capital (NYSE:LADR) released its earnings results on Thursday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01), Briefing.com reports. Ladder Capital had a net margin of 26.91% and a return on equity of 12.05%. The business had revenue of $69.05 million during the quarter, compared to the consensus estimate of $72.31 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue was down 44.7% on a year-over-year basis.
Shares of NYSE:LADR traded up $0.02 during midday trading on Friday, hitting $17.01. 1,506,601 shares of the stock were exchanged, compared to its average volume of 683,808. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.72 and a beta of 0.97. The company has a debt-to-equity ratio of 2.80, a quick ratio of 62.27 and a current ratio of 62.27. The business’s 50-day moving average price is $17.16 and its 200 day moving average price is $16.82. Ladder Capital has a 12 month low of $14.75 and a 12 month high of $18.82.
A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Ladder Capital from $18.00 to $17.50 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Zacks Investment Research cut Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average 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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