Massachusetts Financial Services Co. MA purchased a new position in ARBOR Rlty Tr I/SH (NYSE:ABR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 122,112 shares of the real estate investment trust’s stock, valued at approximately $1,402,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. WINTON GROUP Ltd purchased a new position in ARBOR Rlty Tr I/SH in the 1st quarter worth approximately $107,000. Telemus Capital LLC purchased a new position in ARBOR Rlty Tr I/SH in the 3rd quarter worth approximately $115,000. Voya Investment Management LLC purchased a new position in ARBOR Rlty Tr I/SH in the 2nd quarter worth approximately $139,000. Cubist Systematic Strategies LLC purchased a new position in ARBOR Rlty Tr I/SH in the 1st quarter worth approximately $145,000. Finally, Strs Ohio purchased a new position in ARBOR Rlty Tr I/SH in the 2nd quarter worth approximately $165,000. 55.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the stock. Deutsche Bank boosted their price objective on shares of ARBOR Rlty Tr I/SH from $11.00 to $11.50 and gave the stock a “hold” rating in a report on Monday, November 5th. Zacks Investment Research upgraded shares of ARBOR Rlty Tr I/SH from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday. JPMorgan Chase & Co. lowered shares of ARBOR Rlty Tr I/SH from a “neutral” rating to an “underweight” rating and set a $11.55 price objective for the company. in a report on Wednesday, October 24th. BTIG Research assumed coverage on shares of ARBOR Rlty Tr I/SH in a report on Monday, October 8th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, JMP Securities restated a “buy” rating and issued a $12.00 price objective on shares of ARBOR Rlty Tr I/SH in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.41.
Shares of ABR opened at $12.32 on Friday. The firm has a market cap of $918.06 million, a price-to-earnings ratio of 10.28 and a beta of 0.15. The company has a quick ratio of 12.66, a current ratio of 12.60 and a debt-to-equity ratio of 2.19. ARBOR Rlty Tr I/SH has a 1-year low of $7.89 and a 1-year high of $12.41.
ARBOR Rlty Tr I/SH (NYSE:ABR) last announced its earnings results on Friday, November 2nd. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $27.95 million during the quarter, compared to analyst estimates of $25.00 million. ARBOR Rlty Tr I/SH had a net margin of 50.73% and a return on equity of 13.78%. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. Sell-side analysts expect that ARBOR Rlty Tr I/SH will post 1.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, November 14th. This is a positive change from ARBOR Rlty Tr I/SH’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 8.77%. ARBOR Rlty Tr I/SH’s payout ratio is currently 96.15%.
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ARBOR Rlty Tr I/SH Company Profile
Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. It operates in two segments, Structured Business and Agency Business. The company primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.
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