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

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Tuesday, September 15th. Investors 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) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Wednesday, September 30th.

Ladder Capital has decreased its dividend payment by an average of 0.0%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. 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 Performance

Shares of LADR stock opened at $9.54 on Thursday. The stock has a market capitalization of $1.21 billion, a PE ratio of 22.70, a PEG ratio of 1.02 and a beta of 0.96. The business’s 50 day simple moving average is $9.80 and its 200 day simple moving average is $10.00. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15. Ladder Capital has a one year low of $9.38 and a one year high of $11.52.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. The firm had revenue of $57.76 million for the quarter, compared to the consensus estimate of $56.50 million. During the same quarter in the previous year, the company earned $0.23 EPS. As a group, research analysts forecast that Ladder Capital will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On Ladder Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Seven Mile Advisory boosted its holdings in Ladder Capital by 4.0% in the 4th quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 992 shares during the period. Royal Bank of Canada increased its holdings in shares of Ladder Capital by 2.6% in the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 1,026 shares during the period. ProShare Advisors LLC increased its holdings in shares of Ladder Capital by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 1,343 shares during the period. Ruggaard & Associates LLC raised its position in shares of Ladder Capital by 3.6% in the fourth quarter. Ruggaard & Associates LLC now owns 45,738 shares of the real estate investment trust’s stock worth $503,000 after buying an additional 1,600 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Ladder Capital by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 67,881 shares of the real estate investment trust’s stock worth $746,000 after buying an additional 1,851 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Company Profile

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.