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

Ladder Capital Corp (NYSE:LADR - Get Free Report) announced a quarterly dividend on Friday, June 13th, RTT News reports. Shareholders 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 yield of 8.68%.

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. 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 Price Performance

Shares of Ladder Capital stock traded down $0.21 during trading hours on Friday, reaching $10.60. The stock had a trading volume of 728,279 shares, compared to its average volume of 656,285. The stock's 50 day moving average is $10.41 and its 200 day moving average is $11.08. The firm has a market capitalization of $1.36 billion, a PE ratio of 12.32 and a beta of 1.01. Ladder Capital has a twelve month low of $9.68 and a twelve month high of $12.48. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. The firm had revenue of $51.20 million during the quarter, compared to analyst estimates of $65.15 million. During the same quarter last year, the company posted $0.33 EPS. Equities analysts expect that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

LADR has been the subject of several research reports. Wall Street Zen cut shares of Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Ladder Capital currently has a consensus rating of "Moderate Buy" and an average target price of $13.17.

Institutional Trading of Ladder Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caxton Associates LLP acquired a new position in Ladder Capital during the first quarter worth about $209,000. AQR Capital Management LLC grew its holdings 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 purchasing an additional 11,709 shares during the period. Finally, Jane Street Group LLC grew its holdings 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 purchasing an additional 163,800 shares during the period. Institutional investors and hedge funds own 62.25% of the company's stock.

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.