Renaissance Technologies LLC Raises Stake in Arbor Realty Trust (ABR)

Renaissance Technologies LLC grew its position in Arbor Realty Trust (NYSE:ABR) by 146.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,095,400 shares of the real estate investment trust’s stock after purchasing an additional 651,704 shares during the period. Renaissance Technologies LLC owned approximately 1.78% of Arbor Realty Trust worth $9,464,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Navellier & Associates Inc lifted its holdings in shares of Arbor Realty Trust by 14.8% in the fourth quarter. Navellier & Associates Inc now owns 57,652 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 7,416 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Arbor Realty Trust by 92.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 45,700 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 21,958 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $1,523,000. BlackRock Inc. lifted its holdings in shares of Arbor Realty Trust by 20.3% in the fourth quarter. BlackRock Inc. now owns 5,009,229 shares of the real estate investment trust’s stock valued at $43,280,000 after purchasing an additional 844,431 shares in the last quarter. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of Arbor Realty Trust by 90.6% in the fourth quarter. Chartwell Investment Partners LLC now owns 465,964 shares of the real estate investment trust’s stock valued at $4,026,000 after purchasing an additional 221,460 shares in the last quarter. Institutional investors own 49.69% of the company’s stock.

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Several analysts recently issued reports on the company. Zacks Investment Research upgraded Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Friday, March 9th. JPMorgan Chase assumed coverage on Arbor Realty Trust in a report on Thursday, December 21st. They set a “neutral” rating and a $8.50 target price on the stock.

ABR opened at $8.73 on Friday. Arbor Realty Trust has a 52-week low of $7.83 and a 52-week high of $8.99. The stock has a market cap of $538.84, a P/E ratio of 8.31 and a beta of 0.29. The company has a debt-to-equity ratio of 2.22, a quick ratio of 8.93 and a current ratio of 8.93.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, February 23rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Arbor Realty Trust had a return on equity of 11.33% and a net margin of 53.49%. The business had revenue of $19.67 million for the quarter, compared to analyst estimates of $17.50 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Arbor Realty Trust’s revenue was up 62.8% on a year-over-year basis. equities research analysts predict that Arbor Realty Trust will post 0.9 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Thursday, March 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 9.62%. The ex-dividend date of this dividend was Wednesday, March 7th. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.19. Arbor Realty Trust’s dividend payout ratio is presently 80.77%.

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About Arbor Realty Trust

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.

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Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

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