Ladder Capital (NYSE:LADR) will issue its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $0.38 per share for the quarter.
Ladder Capital (NYSE:LADR) last released its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. Ladder Capital had a return on equity of 12.43% and a net margin of 27.91%. The business had revenue of $83.19 million for the quarter, compared to analyst estimates of $75.40 million. On average, analysts expect Ladder Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
LADR traded up $0.21 on Tuesday, hitting $16.93. 8,005 shares of the company were exchanged, compared to its average volume of 711,490. The company has a debt-to-equity ratio of 3.11, a quick ratio of 66.13 and a current ratio of 66.13. The firm has a market capitalization of $1.88 billion, a PE ratio of 12.42 and a beta of 0.97. Ladder Capital has a 12 month low of $13.31 and a 12 month high of $17.71.
Several analysts have issued reports on the company. B. Riley upped their price objective on Ladder Capital from $16.00 to $17.50 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, July 25th. JPMorgan Chase & Co. lowered Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. JMP Securities upped their price objective on Ladder Capital from $17.00 to $17.50 and gave the company a “market outperform” rating in a research note on Monday, August 6th. Finally, Deutsche Bank upped their price objective on Ladder Capital from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Ladder Capital currently has an average rating of “Buy” and a consensus target price of $17.75.
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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