Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Wednesday, November 8th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be given a dividend of 0.315 per share by the real estate investment trust on Wednesday, January 3rd. This represents a $1.26 annualized dividend and a yield of 9.13%. The ex-dividend date of this dividend is Friday, December 8th. This is a boost from Ladder Capital’s previous quarterly dividend of $0.30.
Ladder Capital has a payout ratio of 96.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Ladder Capital to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 86.9%.
Shares of Ladder Capital (NYSE:LADR) opened at $13.80 on Thursday. The company has a debt-to-equity ratio of 2.86, a current ratio of 77.86 and a quick ratio of 77.86. The firm has a market cap of $1,524.99, a PE ratio of 10.05, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. Ladder Capital has a 1 year low of $12.82 and a 1 year high of $15.23.
Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Ladder Capital had a net margin of 27.38% and a return on equity of 9.78%. The firm had revenue of $69.30 million for the quarter, compared to the consensus estimate of $59.05 million. During the same period last year, the company posted $0.40 EPS. equities research analysts forecast that Ladder Capital will post 1.31 earnings per share for the current fiscal year.
A number of research firms have commented on LADR. Zacks Investment Research raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $16.00 price objective on shares of Ladder Capital in a research report on Friday, August 18th. BidaskClub raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, B. Riley reissued a “buy” rating on shares of Ladder Capital in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $16.17.
In other news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total value of $27,100,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.50% of the stock is currently owned by insiders.
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Ladder Capital Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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