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

Ladder Capital Corp (NYSE:LADRGet Free Report) declared a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be given 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%per year over the last three years. Ladder Capital has a dividend 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 tumble. Equities research 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 Stock Down 0.5%

Shares of NYSE:LADR traded down $0.04 on Tuesday, reaching $9.57. The company had a trading volume of 1,318,035 shares, compared to its average volume of 921,298. The stock has a market capitalization of $1.21 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.03 and a beta of 0.96. The stock has a 50-day moving average price of $9.81 and a 200 day moving average price of $10.01. Ladder Capital has a twelve month low of $9.38 and a twelve month high of $11.52. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81.

Ladder Capital (NYSE:LADRGet Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.The business had revenue of $57.76 million for the quarter, compared to analyst estimates of $56.50 million. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities analysts expect that Ladder Capital will post 0.72 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LADR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ladder Capital in a research report on Friday, August 7th. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, Bank of America restated a “neutral” rating and issued a $10.25 price objective on shares of Ladder Capital in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ladder Capital has an average rating of “Hold” and a consensus price target of $12.36.

Check Out Our Latest Stock Report on LADR

Ladder Capital Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Ladder Capital (NYSE:LADR)

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