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

Ladder Capital Corp (NYSE:LADRGet Free Report) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.23 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Tuesday, March 31st.

Ladder Capital has decreased its dividend by an average of 0.0%annually over the last three years. Ladder Capital has a dividend 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 decline. Equities 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 Ladder Capital stock traded down $0.04 on Friday, hitting $10.02. 837,660 shares of the company traded hands, compared to its average volume of 697,781. Ladder Capital has a 52 week low of $9.68 and a 52 week high of $11.92. The business has a 50-day simple moving average of $10.68 and a 200 day simple moving average of $10.92. The company has a debt-to-equity ratio of 2.37, a quick ratio of 29.65 and a current ratio of 29.65. The stock has a market capitalization of $1.27 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.

Ladder Capital Company Profile

(Get Free Report)

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.

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Dividend History for Ladder Capital (NYSE:LADR)

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