Voloridge Investment Management LLC boosted its position in shares of ARBOR RLTY TR I/SH (NYSE:ABR) by 47.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 292,396 shares of the real estate investment trust’s stock after buying an additional 93,742 shares during the quarter. Voloridge Investment Management LLC’s holdings in ARBOR RLTY TR I/SH were worth $3,833,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ABR. LSV Asset Management lifted its holdings in shares of ARBOR RLTY TR I/SH by 29.6% in the second quarter. LSV Asset Management now owns 3,969,763 shares of the real estate investment trust’s stock valued at $48,113,000 after purchasing an additional 907,244 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ARBOR RLTY TR I/SH by 10.1% during the second quarter. Vanguard Group Inc. now owns 3,747,316 shares of the real estate investment trust’s stock valued at $45,418,000 after buying an additional 343,778 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of ARBOR RLTY TR I/SH by 33.7% during the second quarter. Wasatch Advisors Inc. now owns 2,642,838 shares of the real estate investment trust’s stock valued at $32,031,000 after buying an additional 666,388 shares in the last quarter. UBS Group AG raised its position in ARBOR RLTY TR I/SH by 10.9% during the second quarter. UBS Group AG now owns 2,336,199 shares of the real estate investment trust’s stock valued at $28,315,000 after buying an additional 230,039 shares during the period. Finally, Marshall Wace LLP raised its position in ARBOR RLTY TR I/SH by 939.2% during the second quarter. Marshall Wace LLP now owns 1,365,306 shares of the real estate investment trust’s stock valued at $16,547,000 after buying an additional 1,233,920 shares during the period. 42.46% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. ValuEngine downgraded ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research note on Tuesday. JMP Securities set a $14.50 target price on ARBOR RLTY TR I/SH and gave the company a “market outperform” rating in a research note on Friday, September 6th. Raymond James upgraded ARBOR RLTY TR I/SH from a “market perform” rating to an “outperform” rating and set a $14.50 target price on the stock in a report on Wednesday, August 21st. Finally, Zacks Investment Research lowered shares of ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $13.60.
In other news, Director William C. Green purchased 20,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $12.83 per share, with a total value of $256,600.00. Following the purchase, the director now directly owns 121,265 shares of the company’s stock, valued at $1,555,829.95. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Hall Anthony 2,500,000 shares of ARBOR RLTY TR I/SH stock in a transaction that occurred on Thursday, October 17th. 10.50% of the stock is currently owned by company insiders.
Shares of NYSE:ABR opened at $14.87 on Tuesday. The firm has a fifty day moving average of $14.35 and a two-hundred day moving average of $13.00. The firm has a market capitalization of $1.48 billion, a P/E ratio of 12.29 and a beta of 0.64. ARBOR RLTY TR I/SH has a 12-month low of $9.62 and a 12-month high of $15.77. The company has a quick ratio of 15.03, a current ratio of 15.03 and a debt-to-equity ratio of 2.07.
ARBOR RLTY TR I/SH (NYSE:ABR) last posted its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. ARBOR RLTY TR I/SH had a net margin of 44.18% and a return on equity of 13.03%. The business had revenue of $32.45 million for the quarter, compared to the consensus estimate of $34.73 million. During the same period in the prior year, the business posted $0.36 earnings per share. ARBOR RLTY TR I/SH’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities research analysts expect that ARBOR RLTY TR I/SH will post 1.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 8.07%. ARBOR RLTY TR I/SH’s payout ratio is 99.17%.
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. The company operates in two segments, Structured Business and Agency Business. It 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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