Clough Capital Partners L P increased its stake in Arbor Realty Trust (NYSE:ABR) by 691.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,300 shares of the real estate investment trust’s stock after buying an additional 150,537 shares during the period. Clough Capital Partners L P owned 0.34% of Arbor Realty Trust worth $1,444,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. A.R.T. Advisors LLC acquired a new position in shares of Arbor Realty Trust during the fourth quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd purchased a new position in Arbor Realty Trust during the fourth quarter valued at about $164,000. Campbell & CO Investment Adviser LLC purchased a new position in Arbor Realty Trust during the first quarter valued at about $170,000. Ameriprise Financial Inc. raised its position in Arbor Realty Trust by 7.9% in the first quarter. Ameriprise Financial Inc. now owns 20,700 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,515 shares during the last quarter. Finally, Hancock Holding Co. raised its position in shares of Arbor Realty Trust by 21.2% in the first quarter. Hancock Holding Co. now owns 24,170 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 4,220 shares in the last quarter. Hedge funds and other institutional investors own 36.82% of the company’s stock.
Shares of Arbor Realty Trust (NYSE:ABR) traded up 0.73% during trading on Wednesday, hitting $8.24. 65,402 shares of the stock were exchanged. The stock has a market cap of $427.24 million, a PE ratio of 7.40 and a beta of 0.69. Arbor Realty Trust has a 52-week low of $6.92 and a 52-week high of $8.99. The firm has a 50 day moving average of $8.27 and a 200-day moving average of $7.94.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, May 5th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.11. The firm had revenue of $33.53 million during the quarter. Arbor Realty Trust had a return on equity of 10.63% and a net margin of 52.33%. Equities research analysts anticipate that Arbor Realty Trust will post $0.96 earnings per share for the current fiscal year.
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Several equities research analysts have recently commented on ABR shares. Zacks Investment Research downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. BidaskClub downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.75 target price on shares of Arbor Realty Trust in a research note on Thursday, July 6th.
About Arbor Realty Trust
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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