Ladder Capital Corp (LADR) to Distribute Quarterly Dividend of $0.23 on July 15th

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Friday, June 13th, RTT News reports. Investors of record on Monday, June 30th will be paid a dividend of 0.23 per share by the real estate investment trust on Tuesday, July 15th. This represents a $0.92 dividend on an annualized basis and a yield of 8.68%.

Ladder Capital has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Stock Performance

Shares of NYSE LADR opened at $10.60 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 12.32 and a beta of 1.01. The business’s 50-day simple moving average is $10.41 and its 200-day simple moving average is $11.08. Ladder Capital has a 52 week low of $9.68 and a 52 week high of $12.48.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same period in the prior year, the company posted $0.33 EPS. As a group, equities research analysts expect that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC lifted its position in Ladder Capital by 997.0% during the 1st quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock worth $2,056,000 after acquiring an additional 163,800 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ladder Capital by 111.7% during the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 11,709 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Ladder Capital during the first quarter valued at about $209,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Analysts Set New Price Targets

LADR has been the topic of a number of analyst reports. Wall Street Zen lowered Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods cut their target price on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ladder Capital presently has a consensus rating of “Moderate Buy” and an average target price of $13.17.

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.