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

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

Ladder Capital has raised its dividend payment by an average of 4.8% annually over the last three years. Ladder Capital has a dividend payout ratio of 73.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 2.1 %

Shares of NYSE:LADR opened at $11.65 on Friday. Ladder Capital has a 52-week low of $10.21 and a 52-week high of $12.48. The stock has a market cap of $1.48 billion, a P/E ratio of 13.54 and a beta of 1.91. The business’s 50 day moving average is $11.40 and its 200 day moving average is $11.55. 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 (NYSE:LADR) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) 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%. Sell-side analysts predict that Ladder Capital will post 1.03 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on LADR shares. Keefe, Bruyette & Woods dropped their target price 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. B. Riley raised Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, StockNews.com cut Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.29.

Ladder Capital Company Profile

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.