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

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Monday, March 31st will be paid 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 yield of 7.90%.

Ladder Capital has increased its dividend payment by an average of 4.8% annually over the last three years. Ladder Capital has a dividend payout ratio of 73.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of Ladder Capital stock opened at $11.65 on Friday. Ladder Capital has a fifty-two week low of $10.21 and a fifty-two week high of $12.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The firm has a market capitalization of $1.48 billion, a P/E ratio of 13.54 and a beta of 1.91. The company’s 50 day moving average price is $11.40 and its two-hundred day moving average price is $11.55.

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

Analyst Ratings Changes

A number of brokerages have recently commented on LADR. StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.