Chicago Equity Partners LLC acquired a new stake in ARBOR Rlty Tr I/SH (NYSE:ABR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 768,090 shares of the real estate investment trust’s stock, valued at approximately $8,818,000.
Other institutional investors have also recently made changes to their positions in the company. Telemus Capital LLC bought a new stake in ARBOR Rlty Tr I/SH in the third quarter valued at about $115,000. WINTON GROUP Ltd bought a new stake in ARBOR Rlty Tr I/SH in the first quarter valued at about $107,000. Voya Investment Management LLC bought a new stake in ARBOR Rlty Tr I/SH in the second quarter valued at about $139,000. Strs Ohio bought a new stake in ARBOR Rlty Tr I/SH in the second quarter valued at about $165,000. Finally, Cubist Systematic Strategies LLC bought a new stake in ARBOR Rlty Tr I/SH in the first quarter valued at about $145,000. 55.97% of the stock is owned by hedge funds and other institutional investors.
Shares of ABR stock opened at $12.24 on Monday. The company has a debt-to-equity ratio of 2.25, a current ratio of 12.66 and a quick ratio of 12.66. ARBOR Rlty Tr I/SH has a 52 week low of $7.89 and a 52 week high of $12.41. The company has a market capitalization of $922.78 million, a price-to-earnings ratio of 10.37 and a beta of 0.15.
ARBOR Rlty Tr I/SH (NYSE:ABR) last issued its earnings results on Friday, November 2nd. The real estate investment trust reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. ARBOR Rlty Tr I/SH had a return on equity of 14.07% and a net margin of 50.73%. The company had revenue of $27.95 million during the quarter, compared to the consensus estimate of $25.00 million. The firm’s revenue was up 52.8% on a year-over-year basis. On average, analysts predict that ARBOR Rlty Tr I/SH will post 1.1 earnings per share for the current fiscal year.
ABR has been the subject of several research analyst reports. BTIG Research initiated coverage on 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. JMP Securities reissued 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. Raymond James initiated coverage on ARBOR Rlty Tr I/SH in a report on Monday, July 30th. They issued a “market perform” rating for the company. Zacks Investment Research lowered ARBOR Rlty Tr I/SH from a “strong-buy” rating to a “hold” rating in a report on Monday, July 9th. Finally, JPMorgan Chase & Co. lowered 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.41.
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.
See Also: Outstanding Shares and The Effect on Share Price
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