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

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Friday, December 13th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.23 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.92 annualized dividend and a dividend yield of 7.77%. The ex-dividend date is Tuesday, December 31st.

Ladder Capital has decreased its dividend payment by an average of 0.7% per year over the last three years. Ladder Capital has a payout ratio of 76.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Ladder Capital to earn $1.10 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 83.6%.

Ladder Capital Trading Down 1.2 %

NYSE LADR opened at $11.84 on Friday. Ladder Capital has a twelve month low of $10.10 and a twelve month high of $12.48. The business’s fifty day moving average is $11.53 and its 200 day moving average is $11.60. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 15.58 and a beta of 1.93.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The company had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. As a group, sell-side analysts expect that Ladder Capital will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and issued a $13.50 price objective on shares of Ladder Capital in a report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ladder Capital has an average rating of “Moderate Buy” and an average target price of $13.33.

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.