Ladder Capital Corp (LADR) to Issue Quarterly Dividend of $0.23 on April 15th

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 7.90%. The ex-dividend date is Monday, March 31st.

Ladder Capital has raised its dividend by an average of 4.8% per year over the last three years. Ladder Capital has a dividend payout ratio of 73.6% meaning its dividend is sufficiently covered by earnings. 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

NYSE LADR opened at $11.65 on Friday. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 13.54 and a beta of 1.91. Ladder Capital has a twelve month low of $10.21 and a twelve month high of $12.48. The business has a 50-day moving average price of $11.40 and a 200-day moving average price of $11.55.

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

Analyst Ratings Changes

LADR has been the topic of a number of research analyst reports. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.29.

About Ladder Capital

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.