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

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.23 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Tuesday, June 30th.

Ladder Capital has decreased its dividend payment by an average of 0.0%annually over the last three years. Ladder Capital has a 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 fall. Research analysts expect Ladder Capital to earn $0.96 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 95.8%.

Ladder Capital Stock Performance

LADR stock traded down $0.04 during trading hours on Monday, hitting $10.09. 848,097 shares of the stock were exchanged, compared to its average volume of 804,773. Ladder Capital has a 12 month low of $9.61 and a 12 month high of $11.92. The company has a current ratio of 58.90, a quick ratio of 58.90 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $1.28 billion, a P/E ratio of 22.93, a P/E/G ratio of 0.90 and a beta of 0.95. The company has a 50-day simple moving average of $10.14 and a two-hundred day simple moving average of $10.51.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. The company had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. On average, analysts forecast that Ladder Capital will post 0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Ladder Capital

In related news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total value of $179,426.25. Following the transaction, the insider directly owned 428,684 shares of the company’s stock, valued at $4,394,011. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Ladder Capital by 63.8% during the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Ladder Capital by 500.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,500 shares during the last quarter. CENTRAL TRUST Co bought a new position in Ladder Capital in the first quarter valued at about $33,000. Jones Financial Companies Lllp raised its stake in Ladder Capital by 531.7% during the third quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 3,217 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Ladder Capital by 48,988.9% in the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 4,409 shares during 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.