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

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.23 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Ladder Capital has decreased its dividend payment by an average of 0.1%per year over the last three years. Ladder Capital has a payout ratio of 80.0% meaning 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 $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 Down 0.4%

LADR traded down $0.05 during midday trading on Monday, hitting $11.33. The company had a trading volume of 1,062,969 shares, compared to its average volume of 675,230. The stock’s 50 day moving average price is $10.77 and its 200 day moving average price is $10.97. Ladder Capital has a 52 week low of $9.68 and a 52 week high of $11.97. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 9.30 and a beta of 1.02. The company has a quick ratio of 35.60, a current ratio of 35.60 and a debt-to-equity ratio of 2.01.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.The company had revenue of $57.44 million during the quarter, compared to the consensus estimate of $62.90 million. During the same period last year, the business posted $0.30 EPS. On average, research analysts anticipate that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

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.