Swiss National Bank lowered its holdings in shares of Ladder Capital Corp (NYSE:LADR – Free Report) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,907 shares of the real estate investment trust’s stock after selling 29,700 shares during the quarter. Swiss National Bank owned 0.19% of Ladder Capital worth $2,324,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Ladder Capital by 15.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,038 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 3,396 shares during the last quarter. MetLife Investment Management LLC increased its position in Ladder Capital by 46.6% during the 1st quarter. MetLife Investment Management LLC now owns 57,429 shares of the real estate investment trust’s stock valued at $682,000 after purchasing an additional 18,257 shares during the period. Vanguard Group Inc. grew its position in shares of Ladder Capital by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 10,681,700 shares of the real estate investment trust’s stock worth $126,791,000 after buying an additional 321,502 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Ladder Capital by 12.0% in the 1st quarter. Prudential Financial Inc. now owns 255,391 shares of the real estate investment trust’s stock worth $3,031,000 after buying an additional 27,353 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Ladder Capital by 28.9% in the 1st quarter. Penserra Capital Management LLC now owns 24,239 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 5,436 shares in the last quarter. Institutional investors own 60.93% of the company’s stock.
Ladder Capital Trading Down 3.0 %
Shares of LADR opened at $10.68 on Wednesday. The company has a current ratio of 89.10, a quick ratio of 89.10 and a debt-to-equity ratio of 2.58. Ladder Capital Corp has a 12-month low of $8.67 and a 12-month high of $11.77. The firm has a 50-day moving average price of $10.89 and a 200 day moving average price of $10.20. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.53 and a beta of 1.88.
Ladder Capital Announces Dividend
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. BTIG Research boosted their target price on shares of Ladder Capital from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Monday, July 24th. StockNews.com assumed coverage on shares of Ladder Capital in a report on Thursday, August 17th. They issued a “buy” rating for the company. Raymond James lowered shares of Ladder Capital from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $12.50 in a report on Thursday, July 27th. Finally, JMP Securities upped their target price on shares of Ladder Capital from $12.00 to $13.00 in a report on Thursday, July 27th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.00.
Ladder Capital Profile
Ladder Capital Corp operates as an internally-managed 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.
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