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

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 paid a dividend of 0.23 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.92 annualized dividend and a dividend yield of 7.98%.

Ladder Capital has increased its dividend by an average of 4.8% per year over the last three years. Ladder Capital has a payout ratio of 73.6% indicating that 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 Trading Up 1.1 %

Shares of LADR opened at $11.53 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. Ladder Capital has a 12-month low of $10.21 and a 12-month high of $12.48. The firm has a market capitalization of $1.46 billion, a PE ratio of 13.39 and a beta of 1.91. The stock’s fifty day simple moving average is $11.39 and its 200-day simple moving average is $11.55.

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

Analyst Ratings Changes

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