Rhumbline Advisers Boosts Position in ARBOR RLTY TR I/SH (ABR)

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Rhumbline Advisers increased its position in shares of ARBOR RLTY TR I/SH (NYSE:ABR) by 52.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,083 shares of the real estate investment trust’s stock after buying an additional 31,787 shares during the quarter. Rhumbline Advisers owned about 0.12% of ARBOR RLTY TR I/SH worth $927,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lavaca Capital LLC acquired a new position in ARBOR RLTY TR I/SH during the 4th quarter worth approximately $27,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ARBOR RLTY TR I/SH by 63.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,171 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,625 shares during the last quarter. Legal & General Group Plc raised its stake in shares of ARBOR RLTY TR I/SH by 17.5% in the third quarter. Legal & General Group Plc now owns 11,022 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 1,645 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ARBOR RLTY TR I/SH in the third quarter worth approximately $142,000. Finally, Private Advisor Group LLC purchased a new stake in shares of ARBOR RLTY TR I/SH in the third quarter worth approximately $147,000. 47.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of ARBOR RLTY TR I/SH stock opened at $12.74 on Friday. The company has a market capitalization of $1.09 billion, a PE ratio of 10.53 and a beta of 0.61. ARBOR RLTY TR I/SH has a 52 week low of $8.58 and a 52 week high of $13.23. The company has a debt-to-equity ratio of 1.97, a current ratio of 13.12 and a quick ratio of 13.12.

ARBOR RLTY TR I/SH (NYSE:ABR) last issued its quarterly earnings data on Friday, February 15th. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.26 by $0.21. The firm had revenue of $73.36 million during the quarter, compared to the consensus estimate of $69.20 million. ARBOR RLTY TR I/SH had a return on equity of 14.74% and a net margin of 51.33%. During the same period in the prior year, the business posted $0.25 earnings per share. On average, equities research analysts predict that ARBOR RLTY TR I/SH will post 1.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date of this dividend is Thursday, February 28th. ARBOR RLTY TR I/SH’s payout ratio is 89.26%.

Several analysts have recently commented on the company. ValuEngine raised ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. TheStreet raised ARBOR RLTY TR I/SH from a “c+” rating to a “b-” rating in a research note on Friday, March 8th. Zacks Investment Research raised ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, January 21st. Finally, Deutsche Bank downgraded ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a research note on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.11.

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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.

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Institutional Ownership by Quarter for ARBOR RLTY TR I/SH (NYSE:ABR)

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