Ladder Capital Corp (NYSE:LADR) To Pay 3Q20 Dividend On October 1, 2020

Ladder Capital Corp (NYSE:LADR) declared 3Q20 dividend of $ 0.20 per share, or $ 0.80 annualized.

The dividend will be payable on October 1, 2020, to stockholders of record on September 10, 2020, with an ex-dividend date of September 9, 2020.

Dividends History

Click Here For More Historical Dividends Of Ladder Capital Corp

Ladder Capital Corp recently reported second quarter financial results on July 30, 2020, after market close, the New York based company announced income for the second quarter of $ 0.12 per share, from the revenue of $ 24.58 million. The quarterly earnings down 72.09 percent while revenues lowered 71.19 percent compared with the same quarter last year.
According to street consensus, LADR was expected to report 2Q20 income of $ 0.03 per share from revenue of $ 70.47 million. The bottom line results beat street analysts by $ 0.09 or 300.00 percent, at the same time, top line results fell short of analysts by $ 45.89 million or 65.12 percent.

Stock Performance

Shares of Ladder Capital Corp traded low $ -0.32 or -4.12 percent on Monday, reaching $ 7.45 with volume of 1.50 million shares. Ladder Capital Corp has traded high as $ 7.68 and has cracked $ 7.38 on the downward trend

The closing price of $ 7.45, representing a 193.21 % increase from the 52 week low of $ 2.65 and a 59.04 % decrease over the 52 week high of $ 18.97.

The company has a market capital of $ 896.94 million and is part of the Real Estate sector and REIT – Diversified industry.

Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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.