Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 47.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 639,483 shares of the real estate investment trust’s stock after acquiring an additional 205,363 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Arbor Realty Trust were worth $11,396,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC lifted its position in shares of Arbor Realty Trust by 37.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 2,170 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 590 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Arbor Realty Trust by 36.1% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,083 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 553 shares during the period. Sandy Spring Bank acquired a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at approximately $48,000. Key Financial Inc acquired a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at approximately $70,000. Finally, Eaton Vance Management acquired a new stake in shares of Arbor Realty Trust during the 1st quarter valued at approximately $73,000. Institutional investors own 42.15% of the company’s stock.
Shares of Arbor Realty Trust stock opened at $18.37 on Friday. The business has a 50 day moving average price of $18.10 and a 200 day moving average price of $17.61. The company has a debt-to-equity ratio of 2.57, a current ratio of 25.13 and a quick ratio of 25.13. The company has a market capitalization of $2.61 billion, a P/E ratio of 7.12 and a beta of 1.93. Arbor Realty Trust, Inc. has a 1 year low of $11.02 and a 1 year high of $19.49.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Monday, August 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 13th. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 7.62%.
ABR has been the subject of a number of research reports. JMP Securities lifted their price target on shares of Arbor Realty Trust from $18.00 to $19.50 and gave the company a “market outperform” rating in a research report on Tuesday, August 3rd. Zacks Investment Research upgraded Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, August 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Arbor Realty Trust has a consensus rating of “Buy” and a consensus target price of $19.38.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc operates as real estate investment trust, which engages in the provision of loan origination and servicing for multifamily, seniors housing, healthcare, and diverse commercial real estate assets. It operates through the Structured Business and Agency Business segments. The Structured Business segment offers structured loan origination and investment services.
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