Swiss National Bank raised its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 117,262 shares of the real estate investment trust’s stock after acquiring an additional 10,800 shares during the quarter. Swiss National Bank’s holdings in Ladder Capital were worth $1,598,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its position in Ladder Capital by 50.6% during the 2nd quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock valued at $16,219,000 after purchasing an additional 406,141 shares during the period. Prudential Financial Inc. lifted its position in Ladder Capital by 150.9% during the 3rd quarter. Prudential Financial Inc. now owns 677,531 shares of the real estate investment trust’s stock valued at $9,336,000 after purchasing an additional 407,530 shares during the period. Boston Partners acquired a new position in Ladder Capital during the 3rd quarter valued at about $8,944,000. Schwab Charles Investment Management Inc. lifted its position in Ladder Capital by 17.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 398,030 shares of the real estate investment trust’s stock valued at $5,426,000 after purchasing an additional 58,088 shares during the period. Finally, Van ECK Associates Corp lifted its position in Ladder Capital by 34.5% during the 3rd quarter. Van ECK Associates Corp now owns 388,375 shares of the real estate investment trust’s stock valued at $5,352,000 after purchasing an additional 99,627 shares during the period. Institutional investors own 49.70% of the company’s stock.
Shares of Ladder Capital Corp (LADR) opened at $15.34 on Tuesday. The company has a debt-to-equity ratio of 2.94, a current ratio of 62.36 and a quick ratio of 62.36. The company has a market capitalization of $1,694.85, a PE ratio of 10.58, a PEG ratio of 2.16 and a beta of 0.96. Ladder Capital Corp has a 52 week low of $12.82 and a 52 week high of $15.39.
A number of research analysts have issued reports on LADR shares. ValuEngine upgraded shares of Ladder Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Ladder Capital from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Saturday, January 13th. Bank of America raised Ladder Capital from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $16.50 price target on shares of Ladder Capital in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $16.67.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3259212/swiss-national-bank-grows-holdings-in-ladder-capital-corp-ladr.html.
Ladder Capital Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
Want to see what other hedge funds are holding LADR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ladder Capital Corp (NYSE:LADR).
Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.