6 days Ago By ABMN Staff
Alliancebernstein L.P. reduced its position in Arbor Realty Trust, Inc.
( NYSE:ABR – Free Report ) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,634 shares of the real estate investment trust’s stock after selling 14,210 shares during the quarter.
Alliancebernstein L.P.’s holdings in Arbor Realty Trust were worth $3,471,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in Arbor Realty Trust during the 4th quarter worth $1,144,000. Nisa Investment Advisors LLC increased its stake in shares of Arbor Realty Trust by 29.
5% during the fourth quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock valued at $1,459,000 after buying an additional 23,987 shares during the period. Norges Bank bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $8,419,000.
Bank of New York Mellon Corp lifted its stake in Arbor Realty Trust by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust’s stock worth $17,428,000 after acquiring an additional 27,327 shares during the period.
Finally, EMC Capital Management grew its holdings in Arbor Realty Trust by 23,453.8% during the 4th quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 18,763 shares in the last quarter.
Institutional investors own 57.25% of the company’s stock. Analysts Set New Price Targets Several equities analysts recently issued reports on the stock.
Keefe, Bruyette & Woods cut their price objective on shares of Arbor Realty Trust from $12.00 to $11.75 and set a “market perform” rating on the stock in a report on Monday, April 7th.
Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price target on Arbor Realty Trust from $13.
50 to $12.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.71.
Arbor Realty Trust Price Performance NYSE:ABR opened at $10.72 on Tuesday. The stock has a 50 day moving average price of $12.
21 and a 200 day moving average price of $13.63. The stock has a market cap of $2.
03 billion, a PE ratio of 9.01 and a beta of 1.66.
The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.
49. Arbor Realty Trust, Inc. has a one year low of $9.
66 and a one year high of $15.94. Arbor Realty Trust ( NYSE:ABR – Get Free Report ) last posted its quarterly earnings results on Friday, February 21st.
The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.
02). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.
75%. The firm had revenue of $262.87 million during the quarter, compared to analysts’ expectations of $88.
92 million. Equities research analysts expect that Arbor Realty Trust, Inc. will post 1.
65 EPS for the current fiscal year. Arbor Realty Trust Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.
43 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.
72 dividend on an annualized basis and a dividend yield of 16.04%. Arbor Realty Trust’s payout ratio is currently 144.
54%. Arbor Realty Trust Company Profile ( Free Report ) Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments.
It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities. Read More Want to see what other hedge funds are holding ABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arbor Realty Trust, Inc.
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