First Trust Advisors LP Reduces Stock Position in ARBOR RLTY TR I/SH (NYSE:ABR)

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First Trust Advisors LP cut its stake in ARBOR RLTY TR I/SH (NYSE:ABR) by 20.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 691,460 shares of the real estate investment trust’s stock after selling 181,331 shares during the period. First Trust Advisors LP’s holdings in ARBOR RLTY TR I/SH were worth $9,065,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. California Public Employees Retirement System boosted its holdings in shares of ARBOR RLTY TR I/SH by 20.0% in the 3rd quarter. California Public Employees Retirement System now owns 220,871 shares of the real estate investment trust’s stock valued at $2,896,000 after buying an additional 36,856 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of ARBOR RLTY TR I/SH by 29.6% in the 3rd quarter. Lindbrook Capital LLC now owns 21,827 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 4,981 shares during the period. Chicago Equity Partners LLC boosted its holdings in shares of ARBOR RLTY TR I/SH by 81.3% in the 3rd quarter. Chicago Equity Partners LLC now owns 253,336 shares of the real estate investment trust’s stock valued at $3,321,000 after buying an additional 113,585 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of ARBOR RLTY TR I/SH by 31.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 25,151 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 6,079 shares during the period. Finally, Concorde Asset Management LLC acquired a new position in shares of ARBOR RLTY TR I/SH in the 3rd quarter valued at about $153,000. 47.74% of the stock is owned by institutional investors.

NYSE ABR opened at $15.06 on Tuesday. ARBOR RLTY TR I/SH has a one year low of $9.62 and a one year high of $15.77. The company has a 50-day simple moving average of $13.80 and a 200-day simple moving average of $12.88. The company has a debt-to-equity ratio of 2.07, a quick ratio of 15.03 and a current ratio of 15.03. The firm has a market capitalization of $1.47 billion, a PE ratio of 11.48 and a beta of 0.61.

ARBOR RLTY TR I/SH (NYSE:ABR) last posted its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $32.45 million during the quarter, compared to analyst estimates of $34.73 million. ARBOR RLTY TR I/SH had a net margin of 44.18% and a return on equity of 13.03%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. Equities analysts forecast that ARBOR RLTY TR I/SH will post 1.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date is Thursday, November 14th. ARBOR RLTY TR I/SH’s payout ratio is 99.17%.

Several research analysts have recently commented on ABR shares. ValuEngine raised shares of ARBOR RLTY TR I/SH from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. JMP Securities lifted their price target on shares of ARBOR RLTY TR I/SH from $14.50 to $15.00 and gave the company a “market outperform” rating in a report on Monday, November 4th. Zacks Investment Research lowered shares of ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Raymond James lifted their price target on shares of ARBOR RLTY TR I/SH from $14.50 to $15.50 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.90.

In other news, Director William C. Green bought 20,000 shares of ARBOR RLTY TR I/SH stock in a transaction on Monday, September 16th. The stock was purchased at an average cost of $12.83 per share, with a total value of $256,600.00. Following the purchase, the director now directly owns 121,265 shares of the company’s stock, valued at approximately $1,555,829.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hall Anthony 2,500,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. Insiders own 10.50% of the company’s stock.

ARBOR RLTY TR I/SH Profile

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

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