Ladder Capital (NYSE:LADR) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Ladder Capital (NYSE:LADR) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04, reports. Ladder Capital had a net margin of 27.90% and a return on equity of 12.25%. The firm had revenue of $85.32 million for the quarter, compared to analyst estimates of $83.00 million. During the same period in the prior year, the business posted $0.45 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year.

Ladder Capital stock traded up $0.09 during mid-day trading on Thursday, reaching $16.92. 956,800 shares of the company’s stock were exchanged, compared to its average volume of 750,561. The firm has a market capitalization of $2.04 billion, a P/E ratio of 8.68 and a beta of 0.97. Ladder Capital has a twelve month low of $14.75 and a twelve month high of $18.82. The company has a current ratio of 106.07, a quick ratio of 106.07 and a debt-to-equity ratio of 2.87. The stock’s fifty day simple moving average is $16.73.

Several brokerages have recently commented on LADR. JPMorgan Chase & Co. decreased their price objective 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. Zacks Investment Research lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.00.

In other Ladder Capital news, President Pamela Mccormack bought 1,600 shares of Ladder Capital stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of $16.03 per share, for a total transaction of $25,648.00. Following the acquisition, the president now directly owns 523,965 shares in the company, valued at $8,399,158.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.00% of the stock is owned by corporate insiders.

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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Earnings History for Ladder Capital (NYSE:LADR)

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