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

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Friday, June 14th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.23 per share by the real estate investment trust on Monday, July 15th. This represents a $0.92 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date of this dividend is Friday, June 28th.

Ladder Capital has decreased its dividend payment by an average of 0.7% annually over the last three years. Ladder Capital has a payout ratio of 67.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ladder Capital to earn $1.18 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 78.0%.

Ladder Capital Price Performance

NYSE LADR opened at $10.97 on Friday. Ladder Capital has a 1 year low of $9.08 and a 1 year high of $12.00. The business’s fifty day moving average is $10.93 and its two-hundred day moving average is $11.05. The stock has a market capitalization of $1.39 billion, a P/E ratio of 14.43 and a beta of 1.92. The company has a debt-to-equity ratio of 2.41, a quick ratio of 88.41 and a current ratio of 88.40.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ladder Capital has a consensus rating of “Buy” and an average price target of $12.63.

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.