Ladder Capital Corp (LADR) Releases Earnings Results, Beats Expectations By $0.01 EPS
Ladder Capital Corp (NASDAQ:LADR) issued its earnings results on Thursday. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01, Bloomberg Earnings reports. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The firm had revenue of $69.30 million for the quarter, compared to the consensus estimate of $59.05 million. During the same quarter in the prior year, the business earned $0.40 earnings per share.
Shares of Ladder Capital Corp (NASDAQ:LADR) traded up $0.24 during mid-day trading on Friday, reaching $13.70. The company’s stock had a trading volume of 818,955 shares, compared to its average volume of 581,342. Ladder Capital Corp has a 52 week low of $12.82 and a 52 week high of $15.53.
In other Ladder Capital Corp news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total transaction of $27,100,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian Harris purchased 10,000 shares of the stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $13.41 per share, for a total transaction of $134,100.00. Following the transaction, the chief executive officer now directly owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The disclosure for this purchase can be found here.
A number of analysts have recently commented on LADR shares. Zacks Investment Research upgraded Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub downgraded Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $16.00 target price on shares of Ladder Capital Corp in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.75.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
Receive News & Ratings for Ladder Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.