361 Capital LLC lifted its position in Ladder Capital Corp (NYSE:LADR) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,329 shares of the real estate investment trust’s stock after purchasing an additional 34,103 shares during the quarter. 361 Capital LLC owned about 0.13% of Ladder Capital worth $2,233,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in 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 buying an additional 38,479 shares during the period. Fox Run Management L.L.C. purchased a new position in Ladder Capital during the fourth quarter worth about $401,000. TIAA CREF Investment Management LLC boosted its stake in 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 buying an additional 220,693 shares during the period. Signition LP purchased a new position in Ladder Capital during the fourth quarter worth about $251,000. Finally, GSA Capital Partners LLP purchased a new position in Ladder Capital during the third quarter worth about $350,000. 56.31% of the stock is owned by hedge funds and other institutional investors.
LADR has been the topic of several research reports. Zacks Investment Research raised shares of Ladder Capital from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Saturday, December 29th. B. Riley set a $18.00 price target on shares of Ladder Capital and gave the stock a “buy” rating in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.81.
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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