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

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.23 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Wednesday, September 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 analysts expect Ladder Capital to earn $0.88 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 104.5%.

Ladder Capital Trading Down 0.5%

Ladder Capital stock opened at $9.57 on Wednesday. The business has a 50 day moving average price of $9.80 and a two-hundred day moving average price of $10.01. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. Ladder Capital has a 12 month low of $9.38 and a 12 month high of $11.52.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $57.76 million during the quarter, compared to the consensus estimate of $56.50 million. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.During the same quarter last year, the company earned $0.23 EPS. As a group, equities analysts forecast that Ladder Capital will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Ladder Capital

Large investors have recently made changes to their positions in the company. Seven Mile Advisory increased its holdings in shares of Ladder Capital by 4.0% in the fourth quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 992 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Ladder Capital by 2.6% during the 1st quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 1,026 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Ladder Capital by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 1,343 shares in the last quarter. Ruggaard & Associates LLC grew its position in shares of Ladder Capital by 3.6% in the 4th quarter. Ruggaard & Associates LLC now owns 45,738 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 1,600 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in Ladder Capital by 2.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 67,881 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 1,851 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Company Profile

Ladder Capital Corp. (NYSE:LADR) is a commercial real estate finance company organized as a real estate investment trust (REIT). The company provides financing to commercial property owners and invests in a portfolio of commercial real estate-related assets, with a focus on generating income from real estate debt and investments.

Its business activities include originating and acquiring first mortgage loans, subordinate or mezzanine loans, commercial mortgage-backed securities and other real estate-related debt investments.