Ladder Capital Corp (LADR) to Issue Quarterly Dividend of $0.23 on July 15th

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be given a dividend of 0.23 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Tuesday, June 30th.

Ladder Capital has decreased its dividend by an average of 0.0%annually over the last three years. Ladder Capital has a dividend 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 fall. Research analysts expect Ladder Capital to earn $0.96 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 95.8%.

Ladder Capital Price Performance

LADR stock opened at $10.26 on Wednesday. Ladder Capital has a 1 year low of $9.61 and a 1 year high of $11.92. The company has a debt-to-equity ratio of 2.79, a quick ratio of 58.90 and a current ratio of 58.90. The stock’s 50 day moving average price is $10.16 and its 200 day moving average price is $10.50. The firm has a market cap of $1.30 billion, a P/E ratio of 23.31, a PEG ratio of 0.90 and a beta of 0.95.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.The firm had revenue of $51.88 million for the quarter, compared to analyst estimates of $57.03 million. During the same quarter in the prior year, the company earned $0.20 EPS. On average, sell-side analysts expect that Ladder Capital will post 0.78 earnings per share for the current fiscal year.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.