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

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Friday, September 13th, NASDAQ reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.23 per share by the real estate investment trust on Tuesday, October 15th. This represents a $0.92 annualized dividend and a dividend yield of 7.54%. The ex-dividend date is Monday, September 30th.

Ladder Capital has decreased its dividend payment by an average of 0.7% annually over the last three years. Ladder Capital has a dividend payout ratio of 71.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ladder Capital to earn $1.13 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 81.4%.

Ladder Capital Stock Up 1.2 %

LADR stock traded up $0.15 during midday trading on Friday, hitting $12.20. The stock had a trading volume of 788,977 shares, compared to its average volume of 584,075. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 15.93 and a beta of 1.94. The business has a 50-day moving average of $11.88 and a two-hundred day moving average of $11.28. Ladder Capital has a 52-week low of $9.08 and a 52-week high of $12.48. The company has a debt-to-equity ratio of 2.21, a current ratio of 76.87 and a quick ratio of 76.87.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The company had revenue of $71.67 million for the quarter, compared to analysts’ expectations of $71.22 million. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, equities research analysts forecast that Ladder Capital will post 1 earnings per share for the current fiscal year.

Insider Activity

In other news, President Pamela Mccormack sold 100,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $12.17, for a total transaction of $1,217,000.00. Following the transaction, the president now directly owns 598,863 shares of the company’s stock, valued at $7,288,162.71. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 12.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LADR shares. Keefe, Bruyette & Woods upped their price target on Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. B. Riley boosted their target price on Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, July 29th. JMP Securities reissued a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th. Bank of America boosted their target price on Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Wolfe Research began coverage on Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 target price on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ladder Capital presently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

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.