Ladder Capital Corp (LADR) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Ladder Capital Corp (NASDAQ:LADR) released its earnings data on Tuesday. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.02, AR Network reports.
A number of analysts have recently weighed in on LADR shares. Analysts at Zacks downgraded shares of Ladder Capital Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $21.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ladder Capital Corp in a research note on Thursday, May 8th. They now have a $21.75 price target on the stock, down previously from $22.25. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.54.
Ladder Capital Corp (NASDAQ:LADR) traded down 1.90% on Tuesday, hitting $17.55. The stock had a trading volume of 76,396 shares. Ladder Capital Corp has a 1-year low of $16.50 and a 1-year high of $19.98. The stock’s 50-day moving average is $18.54 and its 200-day moving average is $18.20. The company has a market cap of $888.0 million and a P/E ratio of 23.82.
Ladder Capital Corp is a commercial real estate finance company with a loan origination platform and an established national footprint.
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