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

Ladder Capital Corp (NYSE:LADR - Get Free Report) announced a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Monday, March 31st will be given 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 7.91%. The ex-dividend date is Monday, March 31st.

Ladder Capital has increased its dividend by an average of 4.8% per year over the last three years. Ladder Capital has a dividend payout ratio of 73.6% meaning 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 0.3 %

Shares of Ladder Capital stock traded up $0.04 during trading on Tuesday, hitting $11.63. 395,009 shares of the stock were exchanged, compared to its average volume of 585,951. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 13.52 and a beta of 1.91. The firm's 50-day moving average price is $11.41 and its 200 day moving average price is $11.54. Ladder Capital has a 12-month low of $10.21 and a 12-month high of $12.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96.

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

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price target on shares of Ladder Capital from $13.00 to $12.75 and set an "outperform" rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com lowered shares of Ladder Capital from a "buy" rating to a "hold" rating in a research note 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.