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

Key Points

• $0.23 quarterly dividend declared, payable April 15 to holders of record on March 31 (ex-dividend March 31), implying an annualized yield of about 9.2%.
• The dividend is largely covered today (80% payout ratio) and analysts project $1.23 EPS next year (implying a projected payout ratio of ~74.8%), but coverage could weaken if earnings fall.
• Shares traded at $10.02 (down 0.3%) with a market cap of $1.27B, a PE of ~19.6 and a relatively high debt-to-equity ratio of 2.37; institutional investors own roughly 62% of the stock.

Ladder Capital Corp (NYSE:LADR - Get Free Report) announced a quarterly dividend on Friday, March 13th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.23 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

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 tumble. 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 Stock Down 0.3%

NYSE LADR traded down $0.04 during mid-day trading on Friday, reaching $10.02. The stock had a trading volume of 837,660 shares, compared to its average volume of 697,781. The stock has a market cap of $1.27 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. Ladder Capital has a 1 year low of $9.68 and a 1 year high of $11.92. The company has a debt-to-equity ratio of 2.37, a current ratio of 29.65 and a quick ratio of 29.65. The company has a fifty day moving average price of $10.68 and a 200 day moving average price of $10.92.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Ladder Capital by 63.8% in the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 931 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Ladder Capital by 500.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 2,500 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Ladder Capital during the 3rd quarter valued at $34,000. Vision Financial Markets LLC purchased a new stake in Ladder Capital in the 3rd quarter worth $35,000. Finally, Jones Financial Companies Lllp increased its stake in Ladder Capital by 531.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust's stock worth $44,000 after buying an additional 3,217 shares in the last quarter. Institutional investors own 62.25% of the company's stock.

About Ladder Capital

Ladder Capital Corp NYSE: LADR is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.

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