ClariVest Asset Management LLC boosted its position in shares of Arbor Realty Trust (NYSE:ABR) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,113 shares of the company’s stock after buying an additional 4,600 shares during the period. ClariVest Asset Management LLC’s holdings in Arbor Realty Trust were worth $892,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. LMR Partners LLP bought a new stake in shares of Arbor Realty Trust during the second quarter worth approximately $184,000. Punch & Associates Investment Management Inc. raised its stake in shares of Arbor Realty Trust by 5.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,441,992 shares of the company’s stock worth $10,368,000 after buying an additional 71,613 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Arbor Realty Trust by 19.0% in the first quarter. Renaissance Technologies LLC now owns 248,300 shares of the company’s stock worth $1,681,000 after buying an additional 39,600 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Arbor Realty Trust by 5.3% in the first quarter. Geode Capital Management LLC now owns 228,096 shares of the company’s stock worth $1,543,000 after buying an additional 11,467 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Arbor Realty Trust by 467.6% in the first quarter. Goldman Sachs Group Inc. now owns 108,290 shares of the company’s stock worth $733,000 after buying an additional 89,211 shares in the last quarter. 40.76% of the stock is owned by institutional investors and hedge funds.
Arbor Realty Trust (NYSE:ABR) traded down 0.27% during trading on Friday, hitting $7.36. The stock had a trading volume of 59,865 shares. Arbor Realty Trust has a 1-year low of $6.01 and a 1-year high of $7.99. The company has a market capitalization of $378.16 million, a P/E ratio of 11.87 and a beta of 0.49. The stock’s 50-day moving average price is $7.55 and its 200-day moving average price is $7.12.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 5th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.16. Arbor Realty Trust had a net margin of 36.72% and a return on equity of 8.27%. Analysts expect that Arbor Realty Trust will post $0.70 earnings per share for the current year.
A number of analysts have commented on the company. Zacks Investment Research lowered Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. JMP Securities boosted their price objective on Arbor Realty Trust from $7.50 to $8.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$8.25.
In other news, Director Karen K. Edwards bought 7,510 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was bought at an average cost of C$7.81 per share, for a total transaction of C$58,653.10. Following the completion of the acquisition, the director now owns 75,000 shares in the company, valued at approximately C$585,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 15.30% of the company’s stock.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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