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

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.23 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, June 30th.

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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Ladder Capital to earn $0.96 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 95.8%.

Ladder Capital Price Performance

LADR opened at $10.09 on Tuesday. The business’s 50-day moving average is $10.15 and its two-hundred day moving average is $10.51. Ladder Capital has a 1 year low of $9.61 and a 1 year high of $11.92. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 58.90. The firm has a market capitalization of $1.28 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 0.90 and a beta of 0.95.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. The business had revenue of $51.88 million during the quarter, compared to analyst estimates of $57.03 million. During the same period in the prior year, the firm posted $0.20 earnings per share. Research analysts anticipate that Ladder Capital will post 0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ladder Capital news, insider Robert Perelman sold 17,505 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total transaction of $179,426.25. Following the sale, the insider owned 428,684 shares of the company’s stock, valued at approximately $4,394,011. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Ladder Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Access Investment Management LLC increased its position in shares of Ladder Capital by 9.9% in the 1st quarter. Access Investment Management LLC now owns 483,796 shares of the real estate investment trust’s stock valued at $4,727,000 after acquiring an additional 43,412 shares during the period. Bank of America Corp DE lifted its position in Ladder Capital by 6.5% during the 1st quarter. Bank of America Corp DE now owns 460,298 shares of the real estate investment trust’s stock worth $4,497,000 after acquiring an additional 28,221 shares during the period. Edgestream Partners L.P. lifted its position in Ladder Capital by 21.0% during the 1st quarter. Edgestream Partners L.P. now owns 307,558 shares of the real estate investment trust’s stock worth $3,005,000 after acquiring an additional 53,478 shares during the period. Sunbelt Securities Inc. grew its stake in Ladder Capital by 48,988.9% during the 1st quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 4,409 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Ladder Capital by 2.6% during the 1st quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 1,026 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

About Ladder Capital

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.