Arrowstreet Capital Limited Partnership lifted its stake in Arbor Realty Trust Inc (NYSE:ABR) by 92.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,700 shares of the real estate investment trust’s stock after purchasing an additional 21,958 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.07% of Arbor Realty Trust worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Orinda Asset Management LLC raised its position in shares of Arbor Realty Trust by 2.9% in the 4th quarter. Orinda Asset Management LLC now owns 628,257 shares of the real estate investment trust’s stock worth $5,428,000 after purchasing an additional 17,800 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Arbor Realty Trust by 53.4% in the 3rd quarter. Mackenzie Financial Corp now owns 190,000 shares of the real estate investment trust’s stock worth $1,558,000 after purchasing an additional 66,160 shares during the last quarter. Wasatch Advisors Inc. raised its position in shares of Arbor Realty Trust by 3.9% in the 4th quarter. Wasatch Advisors Inc. now owns 2,520,441 shares of the real estate investment trust’s stock worth $21,777,000 after purchasing an additional 94,699 shares during the last quarter. Chartwell Investment Partners LLC raised its position in shares of Arbor Realty Trust by 27.4% in the 3rd quarter. Chartwell Investment Partners LLC now owns 244,504 shares of the real estate investment trust’s stock worth $2,004,000 after purchasing an additional 52,593 shares during the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of Arbor Realty Trust in the 2nd quarter worth about $510,000. 49.57% of the stock is owned by hedge funds and other institutional investors.
ABR has been the subject of several recent analyst reports. Zacks Investment Research raised Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research report on Friday, March 9th. JPMorgan Chase & Co. initiated coverage on Arbor Realty Trust in a research report on Thursday, December 21st. They issued a “neutral” rating and a $8.50 price target for the company.
Shares of Arbor Realty Trust Inc (ABR) opened at $8.83 on Thursday. Arbor Realty Trust Inc has a twelve month low of $7.65 and a twelve month high of $8.99. The company has a market capitalization of $544.83, a PE ratio of 7.75 and a beta of 0.33. The company has a debt-to-equity ratio of 2.22, a current ratio of 8.93 and a quick ratio of 8.93.
Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Arbor Realty Trust had a return on equity of 11.33% and a net margin of 53.49%. The company had revenue of $19.67 million during the quarter, compared to the consensus estimate of $17.50 million. During the same period last year, the company earned $0.21 EPS. Arbor Realty Trust’s revenue for the quarter was up 62.8% on a year-over-year basis. analysts predict that Arbor Realty Trust Inc will post 0.9 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 9.51%. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, March 7th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 73.68%.
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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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