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

Key Points

• Ladder Capital declared a quarterly dividend of $0.23 per share, payable October 15 to shareholders of record on September 30. The dividend implies an annualized payout of $0.92 per share and a 9.6% yield.
• The dividend is currently supported by earnings, with an 80% payout ratio, but analysts’ projected earnings of $0.88 per share next year would imply a potentially unsustainable 104.5% payout ratio.
• Ladder Capital shares fell 0.5% to $9.57, near their 52-week low. In its latest quarter, the REIT reported earnings of $0.24 per share, in line with estimates, and revenue of $57.76 million, above expectations.

Ladder Capital Corp (NYSE:LADR - Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Stockholders 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) annualized dividend 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 dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities 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 Trading Down 0.5%

Shares of Ladder Capital stock traded down $0.04 during trading on Tuesday, hitting $9.57. The stock had a trading volume of 1,318,035 shares, compared to its average volume of 921,298. Ladder Capital has a 1 year low of $9.38 and a 1 year high of $11.52. The stock has a 50 day simple moving average of $9.81 and a 200 day simple moving average of $10.01. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $1.21 billion, a PE ratio of 22.80, a P/E/G ratio of 1.03 and a beta of 0.96.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. The business had revenue of $57.76 million during the quarter, compared to the consensus estimate of $56.50 million. During the same quarter in the prior year, the firm earned $0.23 EPS. On average, research analysts expect that Ladder Capital will post 0.72 EPS for the current fiscal year.

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.

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