Ladder Capital (NYSE:LADR) Issues Earnings Results, Misses Expectations By $0.01 EPS

Ladder Capital (NYSE:LADR) announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01), reports. Ladder Capital had a return on equity of 10.58% and a net margin of 22.51%. The business had revenue of $69.05 million for the quarter, compared to analyst estimates of $72.31 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The company’s revenue was down 44.7% compared to the same quarter last year.

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Shares of Ladder Capital stock traded down $0.11 during trading on Friday, hitting $16.93. 428,503 shares of the stock traded hands, compared to its average volume of 568,394. The company has a fifty day moving average price of $17.13 and a two-hundred day moving average price of $16.82. The company has a debt-to-equity ratio of 2.97, a quick ratio of 62.27 and a current ratio of 77.18. Ladder Capital has a twelve month low of $14.75 and a twelve month high of $18.82. The stock has a market cap of $2.04 billion, a P/E ratio of 8.68 and a beta of 0.97.

A number of brokerages have commented on LADR. Zacks Investment Research lowered Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. JPMorgan Chase & Co. reduced their price target 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 equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Ladder Capital 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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Earnings History for Ladder Capital (NYSE:LADR)

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