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

Ladder Capital Corp (NYSE:LADR - Get Free Report) announced a quarterly dividend on Friday, June 13th, RTT News reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.23 per share by the real estate investment trust on Tuesday, July 15th. This represents a $0.92 annualized dividend and a dividend yield of 8.69%. The ex-dividend date is Monday, June 30th.

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 $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 0.1%

Shares of NYSE:LADR traded down $0.01 during mid-day trading on Monday, hitting $10.59. The stock had a trading volume of 1,190,697 shares, compared to its average volume of 627,534. The company's 50 day moving average is $10.41 and its 200-day moving average is $11.07. Ladder Capital has a 12-month low of $9.68 and a 12-month high of $12.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The company has a market cap of $1.36 billion, a PE ratio of 12.31 and a beta of 1.01.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same period last year, the firm earned $0.33 earnings per share. On average, sell-side analysts predict that Ladder Capital will post 1.03 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LADR shares. Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Wall Street Zen downgraded Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ladder Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Caxton Associates LLP acquired a new stake in shares of Ladder Capital during the 1st quarter valued at about $209,000. AQR Capital Management LLC lifted its stake in Ladder Capital by 111.7% in the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust's stock valued at $253,000 after acquiring an additional 11,709 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Ladder Capital by 997.0% in the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust's stock valued at $2,056,000 after acquiring an additional 163,800 shares during the last quarter. 62.25% of the stock is 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.