Geode Capital Management LLC Purchases 109,739 Shares of ARBOR RLTY TR I/SH (NYSE:ABR)

Geode Capital Management LLC raised its stake in ARBOR RLTY TR I/SH (NYSE:ABR) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 749,698 shares of the real estate investment trust’s stock after acquiring an additional 109,739 shares during the period. Geode Capital Management LLC owned 0.99% of ARBOR RLTY TR I/SH worth $7,549,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Russell Investments Group Ltd. bought a new stake in shares of ARBOR RLTY TR I/SH during the 3rd quarter valued at about $265,000. SG Americas Securities LLC bought a new position in shares of ARBOR RLTY TR I/SH during the 3rd quarter valued at approximately $142,000. Rhumbline Advisers grew its stake in shares of ARBOR RLTY TR I/SH by 15.4% during the 3rd quarter. Rhumbline Advisers now owns 60,296 shares of the real estate investment trust’s stock valued at $692,000 after acquiring an additional 8,059 shares during the period. Alliancebernstein L.P. grew its stake in shares of ARBOR RLTY TR I/SH by 103.2% during the 3rd quarter. Alliancebernstein L.P. now owns 76,200 shares of the real estate investment trust’s stock valued at $875,000 after acquiring an additional 38,700 shares during the period. Finally, BlackRock Inc. grew its stake in shares of ARBOR RLTY TR I/SH by 8.6% during the 3rd quarter. BlackRock Inc. now owns 6,484,367 shares of the real estate investment trust’s stock valued at $74,442,000 after acquiring an additional 514,809 shares during the period. Institutional investors own 47.17% of the company’s stock.

NYSE ABR traded up $0.15 during trading hours on Friday, reaching $13.04. The company’s stock had a trading volume of 2,399,978 shares, compared to its average volume of 1,049,859. The company has a current ratio of 13.12, a quick ratio of 13.12 and a debt-to-equity ratio of 1.97. ARBOR RLTY TR I/SH has a 1 year low of $8.93 and a 1 year high of $13.94. The stock has a market cap of $1.12 billion, a PE ratio of 10.78 and a beta of 0.62.

ARBOR RLTY TR I/SH (NYSE:ABR) last posted its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. ARBOR RLTY TR I/SH had a return on equity of 14.74% and a net margin of 51.33%. During the same period in the previous year, the firm posted $0.25 EPS. On average, analysts forecast that ARBOR RLTY TR I/SH will post 1.05 EPS for the current fiscal year.

A number of brokerages recently issued reports on ABR. ValuEngine downgraded ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. BTIG Research set a $14.00 price objective on ARBOR RLTY TR I/SH and gave the company a “buy” rating in a research note on Wednesday, April 17th. Deutsche Bank downgraded ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a research note on Tuesday, February 19th. Zacks Investment Research upgraded ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, January 21st. Finally, TheStreet upgraded ARBOR RLTY TR I/SH from a “c+” rating to a “b-” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.31.

TRADEMARK VIOLATION NOTICE: “Geode Capital Management LLC Purchases 109,739 Shares of ARBOR RLTY TR I/SH (NYSE:ABR)” was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/05/10/geode-capital-management-llc-buys-109739-shares-of-arbor-rlty-tr-i-sh-abr.html.

About ARBOR RLTY TR I/SH

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.

See Also: Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for ARBOR RLTY TR I/SH (NYSE:ABR)

Receive News & Ratings for ARBOR RLTY TR I/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARBOR RLTY TR I/SH and related companies with MarketBeat.com's FREE daily email newsletter.