SG Americas Securities LLC cut its stake in ARBOR RLTY TR I/SH (NYSE:ABR) by 14.1% in the 1st quarter, HoldingsChannel reports. The fund owned 91,175 shares of the real estate investment trust’s stock after selling 14,944 shares during the period. SG Americas Securities LLC’s holdings in ARBOR RLTY TR I/SH were worth $1,183,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. LSV Asset Management boosted its holdings in ARBOR RLTY TR I/SH by 84.8% during the fourth quarter. LSV Asset Management now owns 2,096,939 shares of the real estate investment trust’s stock worth $21,116,000 after buying an additional 962,339 shares in the last quarter. BlackRock Inc. lifted its position in shares of ARBOR RLTY TR I/SH by 14.4% in the 4th quarter. BlackRock Inc. now owns 7,418,340 shares of the real estate investment trust’s stock valued at $74,703,000 after acquiring an additional 933,973 shares in the last quarter. KAMES CAPITAL plc purchased a new stake in shares of ARBOR RLTY TR I/SH in the 4th quarter valued at approximately $3,739,000. Delphi Financial Group Inc. purchased a new stake in shares of ARBOR RLTY TR I/SH in the 4th quarter valued at approximately $3,401,000. Finally, Navellier & Associates Inc lifted its position in shares of ARBOR RLTY TR I/SH by 188.8% in the 4th quarter. Navellier & Associates Inc now owns 406,502 shares of the real estate investment trust’s stock valued at $4,093,000 after acquiring an additional 265,727 shares in the last quarter. Institutional investors and hedge funds own 47.17% of the company’s stock.
Several equities research analysts recently commented on ABR shares. TheStreet upgraded shares of ARBOR RLTY TR I/SH from a “c+” rating to a “b-” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded shares of ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Monday, January 21st. ValuEngine upgraded shares of ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. BTIG Research set a $14.00 price target on shares of ARBOR RLTY TR I/SH and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Deutsche Bank downgraded shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $12.31.
ARBOR RLTY TR I/SH (NYSE:ABR) last issued its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The business had revenue of $71.28 million during the quarter, compared to the consensus estimate of $29.10 million. ARBOR RLTY TR I/SH had a net margin of 51.33% and a return on equity of 14.74%. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, research analysts expect that ARBOR RLTY TR I/SH will post 1.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.56%. This is an increase from ARBOR RLTY TR I/SH’s previous quarterly dividend of $0.27. ARBOR RLTY TR I/SH’s dividend payout ratio (DPR) is currently 89.26%.
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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.
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