First Allied Advisory Services Inc. Boosts Position in ARBOR RLTY TR I/SH (ABR)
First Allied Advisory Services Inc. boosted its stake in shares of ARBOR RLTY TR I/SH (NYSE:ABR) by 32.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,013 shares of the real estate investment trust’s stock after buying an additional 6,325 shares during the quarter. First Allied Advisory Services Inc.’s holdings in ARBOR RLTY TR I/SH were worth $338,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lavaca Capital LLC bought a new position in ARBOR RLTY TR I/SH during the fourth quarter valued at about $27,000. Concorde Asset Management LLC bought a new position in ARBOR RLTY TR I/SH during the fourth quarter valued at about $164,000. Vanguard Group Inc grew its position in ARBOR RLTY TR I/SH by 10.5% during the third quarter. Vanguard Group Inc now owns 2,784,271 shares of the real estate investment trust’s stock valued at $31,964,000 after buying an additional 264,837 shares during the period. LSV Asset Management grew its position 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 valued at $21,116,000 after buying an additional 962,339 shares during the period. Finally, ClariVest Asset Management LLC grew its position in ARBOR RLTY TR I/SH by 34.0% during the fourth quarter. ClariVest Asset Management LLC now owns 506,200 shares of the real estate investment trust’s stock valued at $5,099,000 after buying an additional 128,371 shares during the period. Institutional investors own 49.94% of the company’s stock.
Several research firms have commented on ABR. ValuEngine downgraded shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Deutsche Bank downgraded shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a report on Tuesday, February 19th. TheStreet raised shares of ARBOR RLTY TR I/SH from a “c+” rating to a “b-” rating in a report on Friday, March 8th. Zacks Investment Research raised shares of ARBOR RLTY TR I/SH from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a report on Thursday. Finally, BTIG Research set a $14.00 price objective on shares of ARBOR RLTY TR I/SH and gave the company a “buy” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. ARBOR RLTY TR I/SH currently has an average rating of “Buy” and an average target price of $12.71.
ARBOR RLTY TR I/SH (NYSE:ABR) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $29.10 million. ARBOR RLTY TR I/SH had a net margin of 46.30% and a return on equity of 13.61%. During the same period in the prior year, the firm earned $0.25 earnings per share. On average, analysts anticipate that ARBOR RLTY TR I/SH will post 1.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders 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 is an increase from ARBOR RLTY TR I/SH’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 8.67%. ARBOR RLTY TR I/SH’s dividend payout ratio is 89.26%.
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ARBOR RLTY TR I/SH Profile
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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