Ladder Capital (NYSE:LADR) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01), Briefing.com reports. The company had revenue of $69.05 million during the quarter, compared to the consensus estimate of $72.31 million. Ladder Capital had a return on equity of 12.05% and a net margin of 26.91%. The company’s revenue for the quarter was down 44.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share.
Ladder Capital stock traded up $0.02 during midday trading on Friday, hitting $17.01. 1,506,601 shares of the company’s stock were exchanged, compared to its average volume of 683,808. The company has a debt-to-equity ratio of 2.80, a quick ratio of 62.27 and a current ratio of 62.27. Ladder Capital has a 12 month low of $14.75 and a 12 month high of $18.82. The firm has a 50-day moving average of $17.16 and a two-hundred day moving average of $16.82. The company has a market cap of $1.98 billion, a PE ratio of 8.72 and a beta of 0.97.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 26th. JPMorgan Chase & Co. cut their price target on shares of Ladder Capital from $18.00 to $17.50 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.75.
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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