TIAA CREF Investment Management LLC increased its stake in Ladder Capital Corp (NASDAQ:LADR) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,775 shares of the real estate investment trust’s stock after buying an additional 1,872 shares during the period. TIAA CREF Investment Management LLC’s holdings in Ladder Capital Corp were worth $1,628,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Ladder Capital Corp during the first quarter worth approximately $110,000. Great West Life Assurance Co. Can increased its stake in Ladder Capital Corp by 0.8% in the first quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 75 shares during the period. Strs Ohio increased its stake in Ladder Capital Corp by 0.8% in the first quarter. Strs Ohio now owns 12,393 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 93 shares during the period. UBS Asset Management Americas Inc. increased its stake in Ladder Capital Corp by 0.7% in the first quarter. UBS Asset Management Americas Inc. now owns 13,196 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 98 shares during the period. Finally, Barnett & Company Inc. increased its stake in Ladder Capital Corp by 13.1% in the first quarter. Barnett & Company Inc. now owns 15,603 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 1,803 shares during the period.

Shares of Ladder Capital Corp (NASDAQ:LADR) traded down 0.81% on Friday, hitting $13.40. The stock had a trading volume of 104,578 shares. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53. The company’s 50-day moving average price is $13.35 and its 200 day moving average price is $14.04. The firm has a market cap of $1.15 billion and a P/E ratio of 11.71.

Ladder Capital Corp (NASDAQ:LADR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.11. The business had revenue of $52.10 million during the quarter, compared to analyst estimates of $76.60 million. Ladder Capital Corp had a return on equity of 5.35% and a net margin of 22.29%. The company’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, equities research analysts forecast that Ladder Capital Corp will post $1.41 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research downgraded Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $15.67.

Ladder Capital Corp Company 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).

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Institutional Ownership by Quarter for Ladder Capital Corp (NASDAQ:LADR)

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