ClariVest Asset Management LLC Raises Stake in Ladder Capital Corp (LADR)

ClariVest Asset Management LLC lifted its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 293,500 shares of the real estate investment trust’s stock after purchasing an additional 2,600 shares during the quarter. ClariVest Asset Management LLC’s holdings in Ladder Capital were worth $4,540,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN lifted its position in shares of Ladder Capital by 11.6% during the third quarter. Wells Fargo & Company MN now owns 371,083 shares of the real estate investment trust’s stock worth $6,285,000 after purchasing an additional 38,479 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Ladder Capital during the fourth quarter worth about $401,000. TIAA CREF Investment Management LLC lifted its position in shares of Ladder Capital by 26.8% during the third quarter. TIAA CREF Investment Management LLC now owns 1,045,043 shares of the real estate investment trust’s stock worth $17,703,000 after purchasing an additional 220,693 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Ladder Capital in the third quarter valued at approximately $350,000. Finally, Vanguard Group Inc raised its holdings in Ladder Capital by 1.9% in the third quarter. Vanguard Group Inc now owns 7,784,024 shares of the real estate investment trust’s stock valued at $131,861,000 after acquiring an additional 145,880 shares in the last quarter. 53.31% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on LADR shares. Zacks Investment Research cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Friday, February 8th. JPMorgan Chase & Co. cut shares of Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, B. Riley set a $18.00 target price on shares of Ladder Capital and gave the company a “buy” rating in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Ladder Capital presently has an average rating of “Buy” and a consensus target price of $17.81.

Shares of NYSE:LADR opened at $17.68 on Thursday. The company has a market capitalization of $1.97 billion, a P/E ratio of 13.00 and a beta of 0.95. Ladder Capital Corp has a fifty-two week low of $13.70 and a fifty-two week high of $17.96. The company has a debt-to-equity ratio of 3.06, a quick ratio of 74.92 and a current ratio of 74.92.

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Ladder Capital Company Profile

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.

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Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

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