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

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Monday, December 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.23 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Wednesday, December 31st.

Ladder Capital has decreased its dividend by an average of 0.1%per year over the last three years. Ladder Capital has a payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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

NYSE:LADR traded down $0.05 during mid-day trading on Monday, reaching $11.33. The stock had a trading volume of 1,062,969 shares, compared to its average volume of 675,230. The stock has a 50-day simple moving average of $10.77 and a two-hundred day simple moving average of $10.97. The stock has a market capitalization of $1.44 billion, a PE ratio of 17.98, a P/E/G ratio of 9.30 and a beta of 1.02. The company has a debt-to-equity ratio of 2.01, a current ratio of 35.60 and a quick ratio of 35.60. Ladder Capital has a 12 month low of $9.68 and a 12 month high of $11.97.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.The firm had revenue of $57.44 million during the quarter, compared to analysts’ expectations of $62.90 million. During the same period in the prior year, the company earned $0.30 earnings per share. On average, equities analysts anticipate that Ladder Capital will post 1.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a report on Monday, December 8th. Finally, Zacks Research downgraded shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ladder Capital presently has an average rating of “Moderate Buy” and an average target price of $12.00.

About Ladder Capital

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.