Northern Trust Corp raised its holdings in shares of Arbor Realty Trust (NYSE:ABR) by 18.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 150,589 shares of the real estate investment trust’s stock after purchasing an additional 23,851 shares during the period. Northern Trust Corp owned 0.29% of Arbor Realty Trust worth $1,256,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Arbor Realty Trust by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 1,782,851 shares of the real estate investment trust’s stock valued at $14,941,000 after purchasing an additional 75,099 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at about $597,000. LSV Asset Management boosted its holdings in shares of Arbor Realty Trust by 503.0% in the 2nd quarter. LSV Asset Management now owns 208,000 shares of the real estate investment trust’s stock valued at $1,734,000 after buying an additional 173,508 shares in the last quarter. Swiss National Bank bought a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at about $681,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at about $2,515,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th.
Shares of Arbor Realty Trust (ABR) opened at $8.64 on Wednesday. Arbor Realty Trust has a 1-year low of $6.92 and a 1-year high of $8.99. The firm has a market cap of $533.73, a PE ratio of 8.56 and a beta of 0.62. The company has a debt-to-equity ratio of 1.72, a current ratio of 13.19 and a quick ratio of 13.19.
Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Arbor Realty Trust had a net margin of 57.54% and a return on equity of 11.61%. The business had revenue of $42.14 million for the quarter. sell-side analysts predict that Arbor Realty Trust will post 1 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were issued a $0.19 dividend. This is a boost from Arbor Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date was Tuesday, November 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 64.96%.
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Arbor Realty Trust Profile
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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