Ladder Capital (NYSE:LADR) announced its earnings results on Thursday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $72.31 million. During the same period in the prior year, the company posted $0.59 EPS. The firm’s revenue was down 44.7% on a year-over-year basis.
Shares of Ladder Capital stock traded up $0.02 during midday trading 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 company has a debt-to-equity ratio of 2.80, a quick ratio of 62.27 and a current ratio of 62.27. The stock has a market capitalization 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 of $17.16 and a 200 day moving average of $16.82. Ladder Capital has a 52-week low of $14.75 and a 52-week high of $18.82.
LADR has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Ladder Capital from $18.00 to $17.50 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Zacks Investment Research downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research note 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 presently has a consensus rating of “Hold” and a consensus target price 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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