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

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Friday, September 13th, NASDAQ reports. Investors of record on Monday, September 30th will be paid a dividend of 0.23 per share by the real estate investment trust on Tuesday, October 15th. This represents a $0.92 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend is Monday, September 30th.

Ladder Capital has decreased its dividend payment by an average of 0.7% per year over the last three years. Ladder Capital has a payout ratio of 71.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ladder Capital to earn $1.13 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 81.4%.

Ladder Capital Trading Down 0.1 %

NYSE LADR opened at $11.88 on Friday. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $1.50 billion, a P/E ratio of 15.63 and a beta of 1.94. The business has a fifty day simple moving average of $11.95 and a 200 day simple moving average of $11.38. Ladder Capital has a 12 month low of $9.08 and a 12 month high of $12.48.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The company had revenue of $71.67 million for the quarter, compared to analyst estimates of $71.22 million. During the same period last year, the firm earned $0.31 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Ladder Capital will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the sale, the insider now directly owns 351,453 shares of the company’s stock, valued at $4,270,153.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the sale, the president now owns 548,863 shares in the company, valued at $6,723,571.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the transaction, the insider now owns 351,453 shares of the company’s stock, valued at $4,270,153.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,000 shares of company stock valued at $2,133,250. 12.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th. BTIG Research reaffirmed a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research report on Friday, July 19th. Wolfe Research began coverage on shares of Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 price target on the stock. B. Riley increased their price target on shares of Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, StockNews.com lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

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.