Ladder Capital Corp (LADR) to Distribute Quarterly Dividend of $0.23 on July 15th

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be given 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 dividend yield of 8.9%. 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 payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Ladder Capital to earn $0.92 per share next year, which means the company may not be able to cover its $0.92 annual dividend with an expected future payout ratio of 100.0%.

Ladder Capital Trading Up 1.8%

NYSE:LADR opened at $10.36 on Friday. Ladder Capital has a fifty-two week low of $9.61 and a fifty-two week 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 stock has a market capitalization of $1.32 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 0.96 and a beta of 0.95. The business’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $10.46.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $51.88 million during the quarter, compared to analyst estimates of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same period in the previous year, the firm earned $0.20 EPS. Sell-side analysts expect that Ladder Capital will post 0.75 earnings per share for the current fiscal year.

Insider Transactions at Ladder Capital

In related news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total value of $179,426.25. Following the sale, the insider owned 428,684 shares of the company’s stock, valued at approximately $4,394,011. This trade represents a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Ladder Capital

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Ladder Capital by 63.8% during the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 931 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Ladder Capital by 500.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 2,500 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of Ladder Capital in the first quarter worth $33,000. Sunbelt Securities Inc. boosted its holdings in Ladder Capital by 48,988.9% during the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 4,409 shares during the last quarter. Finally, KBC Group NV acquired a new position in Ladder Capital during the first quarter worth $51,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Company Profile

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.