Ladder Capital (NYSE:LADR) issued its earnings results on Thursday. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01), Briefing.com reports. Ladder Capital had a return on equity of 12.05% and a net margin of 26.91%. The firm had revenue of $69.05 million for the quarter, compared to analyst estimates of $72.31 million. During the same period in the previous year, the company earned $0.59 earnings per share. Ladder Capital’s revenue for the quarter was down 44.7% compared to the same quarter last year.
Shares of NYSE:LADR traded up $0.02 during trading on Friday, reaching $17.01. 1,506,601 shares of the stock were exchanged, compared to its average volume of 683,808. The company has a debt-to-equity ratio of 2.80, a current ratio of 62.27 and a quick ratio of 62.27. Ladder Capital has a 1-year low of $14.75 and a 1-year high of $18.82. The stock has a fifty day moving average of $17.16 and a two-hundred day moving average of $16.82. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 8.72 and a beta of 0.97.
A number of equities analysts have recently weighed in on LADR shares. JPMorgan Chase & Co. lowered 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 lowered Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Ladder Capital currently has a consensus rating of “Hold” and a consensus price target of $18.75.
About Ladder Capital
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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