Ladder Capital Corp (LADR) To Go Ex-Dividend on December 31st

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Monday, December 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.23 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Wednesday, December 31st.

Ladder Capital has decreased its dividend payment by an average of 0.1%annually over the last three years. Ladder Capital has a dividend 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 tumble. Equities 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 NYSE:LADR opened at $11.21 on Wednesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 35.60 and a current ratio of 35.60. Ladder Capital has a 52 week low of $9.68 and a 52 week high of $11.93. The firm has a market cap of $1.43 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 9.27 and a beta of 1.02. The firm’s fifty day moving average is $10.80 and its 200-day moving average is $10.98.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $57.44 million for the quarter, compared to the consensus estimate of $62.90 million. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.During the same period in the previous year, the business earned $0.30 EPS. Sell-side analysts predict that Ladder Capital will post 1.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LADR. Zacks Research downgraded shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a report on Monday. Finally, Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

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.