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

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Friday, September 13th, NASDAQ reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.23 per share by the real estate investment trust on Tuesday, October 15th. This represents a $0.92 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend is Monday, September 30th.

Ladder Capital has decreased its dividend by an average of 0.7% per year over the last three years. Ladder Capital has a dividend payout ratio of 71.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ladder Capital to earn $1.13 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 81.4%.

Ladder Capital Trading Up 1.2 %

Shares of Ladder Capital stock opened at $12.20 on Friday. The stock has a fifty day moving average price of $11.90 and a 200-day moving average price of $11.29. The company has a debt-to-equity ratio of 2.21, a current ratio of 76.87 and a quick ratio of 76.87. The firm has a market cap of $1.56 billion, a PE ratio of 16.05 and a beta of 1.94. Ladder Capital has a 1 year low of $9.08 and a 1 year high of $12.48.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The firm had revenue of $71.67 million for the quarter, compared to analysts’ expectations of $71.22 million. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Ladder Capital will post 1 EPS for the current year.

Analyst Ratings Changes

LADR has been the subject of a number of research reports. BTIG Research reiterated a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research report on Friday, July 19th. Wolfe Research initiated coverage on Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. StockNews.com cut Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America boosted their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Ladder Capital has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Insider Buying and Selling

In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of Ladder Capital stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the sale, the president now directly owns 548,863 shares in the company, valued at $6,723,571.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now owns 351,453 shares of the company’s stock, valued at $4,270,153.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Pamela Mccormack sold 50,000 shares of Ladder Capital stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the transaction, the president now directly owns 548,863 shares in the company, valued at $6,723,571.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,000 shares of company stock worth $2,133,250. Insiders own 12.00% of the company’s stock.

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.