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

Ladder Capital Corp (NYSE:LADR) announced a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given 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 dividend 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%per year over the last three years. Ladder Capital has a 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 decline. 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 Price Performance

Shares of NYSE LADR traded down $0.04 during midday trading on Monday, reaching $10.09. 848,097 shares of the company were exchanged, compared to its average volume of 804,773. The stock’s 50-day moving average price is $10.14 and its 200-day moving average price is $10.51. The stock has a market cap of $1.28 billion, a P/E ratio of 22.93, a PEG ratio of 0.90 and a beta of 0.95. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. Ladder Capital has a one year low of $9.61 and a one year high of $11.92.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $51.88 million for the quarter, compared to the consensus estimate of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same quarter last year, the business posted $0.20 EPS. On average, sell-side analysts anticipate that Ladder Capital will post 0.78 earnings per share for the current fiscal year.

Insider Transactions at Ladder Capital

In other Ladder Capital news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total transaction of $179,426.25. Following the transaction, the insider directly owned 428,684 shares of the company’s stock, valued at approximately $4,394,011. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ladder Capital

A number of hedge funds have recently made changes to their positions in LADR. Access Investment Management LLC raised its holdings in Ladder Capital by 9.9% during the 1st quarter. Access Investment Management LLC now owns 483,796 shares of the real estate investment trust’s stock worth $4,727,000 after purchasing an additional 43,412 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Ladder Capital by 6.5% in the 1st quarter. Bank of America Corp DE now owns 460,298 shares of the real estate investment trust’s stock valued at $4,497,000 after purchasing an additional 28,221 shares during the last quarter. Edgestream Partners L.P. increased its position in shares of Ladder Capital by 21.0% during the first quarter. Edgestream Partners L.P. now owns 307,558 shares of the real estate investment trust’s stock worth $3,005,000 after buying an additional 53,478 shares during the period. Sunbelt Securities Inc. raised its stake in Ladder Capital by 48,988.9% during the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 4,409 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Ladder Capital by 2.6% in the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 1,026 shares during the period. 62.25% of the stock is currently owned by institutional investors.

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.