Ladder Capital (LADR) is scheduled to report 2nd quarter earnings on 07/26/2023, after the market closes.
Regarding Q2 estimates, Wall Street analysts expect Ladder Capital to post earnings of $0.32 per share. Revenue expectations are pegged at $79.2 million. Last quarter, Ladder Capital beat earnings estimates, reporting EPS of $0.38 on estimates of $0.30. The stock rose by 1.67% the day after the last earnings release.
Year-to-date, LADR stock has risen by 18.25%.
Is Ladder Capital Stock a Buy?
Wall Street’s consensus rating for LADR stock is a Strong Buy, with an average analyst price target of $11.25, implying downside potential of -0.79% from current levels.
LADR shares have gained about 9.14% in the past six months.
About Ladder Capital
Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale. The Securities segment comprises of all of the company’s activities related to commercial real estate securities, as well as investments in commercial mortgage-backed securities, United States agency securities, corporate bonds, and equity securities. The Real Estate segment consists of net leased properties, office buildings, a mobile home community, a warehouse, a shopping centre, and condominium units. The Corporate and Other segment represents the company’s investments in joint ventures, other asset management activities, and operating expenses. The company was founded by Pamela McCormack, Robert Perelman and Brian Harris on May 21, 2013 and is headquartered in New York, NY.
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