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

Key Points

• Ladder Capital Corp has announced a quarterly dividend of $0.23 per share, set to be distributed on October 15th to shareholders of record on September 30th.
• The company operates as an internally-managed real estate investment trust (REIT), dealing primarily in loans, securities, and real estate.
• Ladder Capital reported $0.23 earnings per share for the last quarter, matching analysts' expectations, despite a year-over-year decline from $0.31 EPS.

Ladder Capital Corp (NYSE:LADR - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.23 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, September 30th.

Ladder Capital has a 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 decline. 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 Trading Down 0.6%

Shares of NYSE:LADR traded down $0.07 during midday trading on Friday, reaching $11.31. The company's stock had a trading volume of 367,938 shares, compared to its average volume of 655,612. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 9.65 and a beta of 1.09. The company has a quick ratio of 31.28, a current ratio of 31.28 and a debt-to-equity ratio of 1.86. Ladder Capital has a 1 year low of $9.68 and a 1 year high of $12.12. The business has a 50 day moving average price of $11.29 and a 200 day moving average price of $10.95.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Ladder Capital had a return on equity of 7.07% and a net margin of 20.05%.The firm had revenue of $56.26 million during the quarter, compared to the consensus estimate of $58.57 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. Research analysts forecast that Ladder Capital will post 1.03 EPS for the current year.

Insider Activity at Ladder Capital

In other Ladder Capital news, Director Mark David Alexander sold 34,587 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $11.12, for a total transaction of $384,607.44. Following the transaction, the director owned 86,024 shares of the company's stock, valued at $956,586.88. This trade represents a 28.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 91,382 shares of company stock valued at $1,003,501 in the last 90 days. Insiders own 12.00% of the company's stock.

Institutional Trading of Ladder Capital

A number of institutional investors and hedge funds have recently made changes to their positions in LADR. Nuveen LLC acquired a new stake in shares of Ladder Capital during the 1st quarter worth approximately $22,261,000. Wellington Management Group LLP raised its position in shares of Ladder Capital by 77.6% during the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after purchasing an additional 1,172,961 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Ladder Capital in the 2nd quarter valued at approximately $6,289,000. Jennison Associates LLC increased its position in Ladder Capital by 7.7% in the 2nd quarter. Jennison Associates LLC now owns 7,493,528 shares of the real estate investment trust's stock valued at $80,555,000 after acquiring an additional 538,147 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Ladder Capital by 81,503.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 372,110 shares of the real estate investment trust's stock valued at $4,000,000 after acquiring an additional 371,654 shares during the period. 62.25% of the stock is currently owned by institutional investors and hedge funds.

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.