Ladder Capital Corp (NYSE:LADR) Announces $0.23 Quarterly Dividend

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Friday, December 13th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.23 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date of this dividend is Tuesday, December 31st.

Ladder Capital has decreased its dividend payment by an average of 0.7% per year over the last three years. Ladder Capital has a dividend payout ratio of 76.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Ladder Capital to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 83.6%.

Ladder Capital Stock Down 1.2 %

Shares of LADR stock traded down $0.14 during trading hours on Friday, reaching $11.84. The company had a trading volume of 739,968 shares, compared to its average volume of 631,939. The company has a market capitalization of $1.51 billion, a P/E ratio of 15.58 and a beta of 1.93. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. Ladder Capital has a twelve month low of $10.10 and a twelve month high of $12.48. The stock’s fifty day simple moving average is $11.53 and its 200 day simple moving average is $11.60.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $128.64 million during the quarter, compared to analysts’ expectations of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same quarter in the prior year, the business earned $0.28 EPS. As a group, sell-side analysts expect that Ladder Capital will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $13.50 price target on shares of Ladder Capital in a report on Friday, August 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Ladder Capital presently has an average rating of “Moderate Buy” and an average price target of $13.33.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.