LONDON, UK / ACCESSWIRE / December 07, 2017 / Active-Investors has a free review on Ladder Capital Corp. (NYSE: LADR) following the Company's announcement that it will begin trading ex-dividend on December 08, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on December 07, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LADR:
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Dividend Declared
On November 08, 2017, Ladder Capital announced the declaration by its Board of Directors of a fourth quarter 2017 cash dividend of $0.315 per share of Class A common stock, a 5% increase in Ladder's recurring quarterly cash dividend. The cash dividend is payable on January 03, 2018 to stockholders of record as of the close of business on December 11, 2017.
Ladder Capital's indicated dividend represents a yield of 9.14%, which is substantially above the average dividend yield of 3.87% for the financial sector.
Dividend Insights
Ladder Capital has a dividend payout ratio of 96.2%, which denotes that the Company distributes approximately $0.96 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Ladder Capital is forecasted to report earnings of $1.51 for the next year compared to the Company's annualized dividend of $1.26.
As of September 30, 2017, Ladder Capital's cash, cash equivalents, and restricted cash were $97.38 million compared to $64.02 million available as of December 31, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Ladder Capital
On November 03, 2017, Ladder Capital announced operating results for the quarter ended September 30, 2017. The Company's GAAP income before taxes for Q3 2017 was $30.1 million compared to $58.3 million for Q3 2016. The results for the reported quarter reflected lower gains on loan securitizations as well as the favorable impact of rising interest rates on interest rate hedges during Q3 2016.
Ladder Capital's diluted EPS for Q3 2017 was $0.28 compared to $0.44 for Q3 2016. After-tax GAAP return on average equity was 8.5% in the reported quarter. The Company's core earnings was $35.6 million for Q3 2017 compared to $44.5 million earned in Q3 2016. Ladder Capital's core EPS was $0.35 for the reported quarter compared to $0.40 for the year-ago same period.
About Ladder Capital
Ladder Capital is an internally-managed real estate investment trust that is a leader in commercial real estate finance. The Company originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Ladder Capital's investment activities include direct origination of commercial real estate first mortgage loans, investments in investment grade securities secured by first mortgage loans on commercial real estate, and investments in net leased and other commercial real estate equity.
Founded in 2008, Ladder Capital is headquartered in New York City and has branches in Los Angeles and Boca Raton.
Stock Performance Snapshot
December 06, 2017 - At Wednesday's closing bell, Ladder Capital's stock marginally advanced 0.22%, ending the trading session at $13.80.
Volume traded for the day: 1.02 million shares, which was above the 3-month average volume of 779.57 thousand shares.
Stock performance in the last month – up 1.17%; previous three-month period – up 3.68%; and year-to-date – up 0.58%
After yesterday's close, Ladder Capital's market cap was at $1.53 billion.
Price to Earnings (P/E) ratio was at 15.94.
The stock has a dividend yield of 9.13%.
The stock is part of the Financial sector, categorized under the REIT - Diversified industry.
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