Ladder Capital Corp (LADR) to Issue Quarterly Dividend of $0.23 on April 15th

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.23 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date of this dividend is Monday, March 31st.

Ladder Capital has increased its dividend by an average of 4.8% annually over the last three years. Ladder Capital has a payout ratio of 73.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ladder Capital to earn $1.23 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 74.8%.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $11.47 on Friday. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm’s 50 day moving average is $11.51 and its two-hundred day moving average is $11.51. The firm has a market capitalization of $1.46 billion, a P/E ratio of 13.33 and a beta of 1.91. Ladder Capital has a 52 week low of $10.21 and a 52 week high of $12.48.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. Analysts anticipate that Ladder Capital will post 1.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LADR. Keefe, Bruyette & Woods reduced their price target on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Finally, B. Riley raised Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ladder Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.29.

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.