BUZZ-Ladder Capital shares surge as third-quarter profits exceed expectations

October 16 - ** Real Estate Investment Trust (REIT) Ladder Capital (LADR.N) shares rose 4.7% to $9.24

** The company (link) reported third quarter distributable earnings per share of 35 cents, higher than analysts’ estimate of 31 cents compiled by LSEG

** CEO Brian Harris said the company originated over $700 million in new loans and issued securities in the third quarter

** Out of seven brokerages, six rated the stock as “buy” or higher, one rated it “hold”; median target price is $11.50 — data compiled by LSEG

** Including today's gain, LADR is down over 15% so far this year

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