Envestnet Asset Management Inc. lifted its position in shares of ARBOR RLTY TR I/SH (NYSE:ABR) by 28.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,306 shares of the real estate investment trust’s stock after buying an additional 8,147 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ARBOR RLTY TR I/SH were worth $476,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of ABR. First Trust Advisors LP boosted its holdings in ARBOR RLTY TR I/SH by 1.6% during the first quarter. First Trust Advisors LP now owns 129,635 shares of the real estate investment trust’s stock valued at $1,681,000 after acquiring an additional 2,057 shares during the period. WINTON GROUP Ltd boosted its holdings in ARBOR RLTY TR I/SH by 45.1% during the second quarter. WINTON GROUP Ltd now owns 167,119 shares of the real estate investment trust’s stock valued at $2,025,000 after acquiring an additional 51,939 shares during the period. Nisa Investment Advisors LLC boosted its holdings in ARBOR RLTY TR I/SH by 1,451.0% during the second quarter. Nisa Investment Advisors LLC now owns 67,625 shares of the real estate investment trust’s stock valued at $820,000 after acquiring an additional 63,265 shares during the period. Navellier & Associates Inc boosted its holdings in ARBOR RLTY TR I/SH by 2.3% during the second quarter. Navellier & Associates Inc now owns 436,705 shares of the real estate investment trust’s stock valued at $5,293,000 after acquiring an additional 9,989 shares during the period. Finally, Bessemer Group Inc. bought a new stake in ARBOR RLTY TR I/SH during the second quarter valued at about $1,234,000. Institutional investors own 46.75% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a report on Friday, November 8th. ValuEngine upgraded shares of ARBOR RLTY TR I/SH from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Raymond James increased their target price on shares of ARBOR RLTY TR I/SH from $14.50 to $15.50 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, JMP Securities increased their target price on shares of ARBOR RLTY TR I/SH from $14.50 to $15.00 and gave the company a “market outperform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. ARBOR RLTY TR I/SH presently has a consensus rating of “Hold” and an average price target of $13.90.
ARBOR RLTY TR I/SH (NYSE:ABR) last released its earnings results on Friday, November 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. ARBOR RLTY TR I/SH had a net margin of 44.18% and a return on equity of 13.03%. The business had revenue of $32.45 million during the quarter, compared to analysts’ expectations of $34.73 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Research analysts forecast that ARBOR RLTY TR I/SH will post 1.25 earnings per share for the current fiscal year.
The business also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. ARBOR RLTY TR I/SH’s payout ratio is presently 95.87%.
In other ARBOR RLTY TR I/SH news, Director William C. Green purchased 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $12.83 per share, for a total transaction of $256,600.00. Following the completion of the purchase, the director now directly owns 121,265 shares in the company, valued at $1,555,829.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hall Anthony 2,500,000 shares of ARBOR RLTY TR I/SH stock in a transaction that occurred on Thursday, October 17th. 10.50% of the stock is currently owned by company insiders.
About ARBOR RLTY TR I/SH
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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