Main Street Research LLC Invests $168,000 in ARBOR Rlty Tr I/SH (ABR)

Main Street Research LLC bought a new position in shares of ARBOR Rlty Tr I/SH (NYSE:ABR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,655 shares of the real estate investment trust’s stock, valued at approximately $168,000.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in ARBOR Rlty Tr I/SH by 24.4% during the second quarter. BlackRock Inc. now owns 5,969,558 shares of the real estate investment trust’s stock valued at $62,263,000 after buying an additional 1,169,863 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in ARBOR Rlty Tr I/SH by 20.7% during the second quarter. Wasatch Advisors Inc. now owns 2,798,815 shares of the real estate investment trust’s stock valued at $29,192,000 after buying an additional 479,807 shares during the last quarter. Renaissance Technologies LLC boosted its stake in ARBOR Rlty Tr I/SH by 41.6% during the second quarter. Renaissance Technologies LLC now owns 2,341,702 shares of the real estate investment trust’s stock valued at $24,424,000 after buying an additional 687,651 shares during the last quarter. Global X Management Co LLC boosted its stake in ARBOR Rlty Tr I/SH by 0.9% during the second quarter. Global X Management Co LLC now owns 1,139,640 shares of the real estate investment trust’s stock valued at $11,886,000 after buying an additional 10,309 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in ARBOR Rlty Tr I/SH by 44.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 839,471 shares of the real estate investment trust’s stock valued at $8,756,000 after buying an additional 258,600 shares during the last quarter. Hedge funds and other institutional investors own 55.97% of the company’s stock.

A number of brokerages recently commented on ABR. Deutsche Bank increased their price target on ARBOR Rlty Tr I/SH from $11.00 to $11.50 and gave the company a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lowered ARBOR Rlty Tr I/SH from a “neutral” rating to an “underweight” rating and set a $11.55 price target for the company. in a research note on Wednesday, October 24th. BTIG Research began coverage on ARBOR Rlty Tr I/SH in a research note on Monday, October 8th. They set a “buy” rating and a $13.00 price target for the company. JMP Securities reissued a “buy” rating and set a $12.00 price target on shares of ARBOR Rlty Tr I/SH in a research note on Wednesday, August 15th. Finally, Raymond James began coverage on ARBOR Rlty Tr I/SH in a research note on Monday, July 30th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. ARBOR Rlty Tr I/SH presently has an average rating of “Hold” and an average target price of $11.81.

Shares of ARBOR Rlty Tr I/SH stock opened at $12.16 on Wednesday. The company has a market cap of $922.78 million, a P/E ratio of 11.69 and a beta of 0.15. ARBOR Rlty Tr I/SH has a 12 month low of $7.89 and a 12 month high of $12.41. 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 (NYSE:ABR) last posted its quarterly earnings data on Friday, November 2nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $27.95 million during the quarter, compared to analyst estimates of $25.00 million. ARBOR Rlty Tr I/SH had a return on equity of 14.07% and a net margin of 50.73%. The firm’s revenue was up 52.8% compared to the same quarter last year. Research analysts predict that ARBOR Rlty Tr I/SH will post 1.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.88%. This is a positive change from ARBOR Rlty Tr I/SH’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 14th. ARBOR Rlty Tr I/SH’s dividend payout ratio (DPR) is presently 96.15%.

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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.

Further Reading: Cost of Capital

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Institutional Ownership by Quarter for ARBOR Rlty Tr I/SH (NYSE:ABR)

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