Ladder Capital Corp (LADR) To Go Ex-Dividend on September 30th

Ladder Capital Corp (NYSE:LADR) declared a quarterly dividend on Monday, September 15th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.23 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Tuesday, September 30th.

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 fall. 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 Price Performance

NYSE LADR opened at $11.44 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 31.28 and a current ratio of 31.28. The stock has a market capitalization of $1.46 billion, a P/E ratio of 16.34, a P/E/G ratio of 9.72 and a beta of 1.09. The business’s fifty day moving average is $11.32 and its two-hundred day moving average is $10.93. Ladder Capital has a 1 year low of $9.68 and a 1 year high of $12.10.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. The firm had revenue of $56.26 million during the quarter, compared to analysts’ expectations of $58.57 million. During the same quarter last year, the company earned $0.31 earnings per share. On average, research analysts forecast that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LADR. Keefe, Bruyette & Woods increased their target price on Ladder Capital from $11.75 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, Ladder Capital currently has an average rating of “Strong 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.