California Public Employees Retirement System reduced its position in shares of Arbor Realty Trust (NYSE:ABR) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 242,700 shares of the company’s stock after selling 12,000 shares during the period. California Public Employees Retirement System owned 0.47% of Arbor Realty Trust worth $1,745,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in shares of Arbor Realty Trust by 0.5% in the first quarter. Royal Bank of Canada now owns 115,200 shares of the company’s stock valued at $780,000 after buying an additional 600 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Arbor Realty Trust during the second quarter valued at approximately $330,000. Bank of New York Mellon Corp increased its stake in shares of Arbor Realty Trust by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 120,485 shares of the company’s stock valued at $866,000 after buying an additional 793 shares during the last quarter. ClariVest Asset Management LLC increased its stake in shares of Arbor Realty Trust by 3.8% in the second quarter. ClariVest Asset Management LLC now owns 124,113 shares of the company’s stock valued at $892,000 after buying an additional 4,600 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Arbor Realty Trust during the second quarter valued at approximately $184,000. 40.76% of the stock is currently owned by institutional investors.
Arbor Realty Trust (NYSE:ABR) traded up 1.94% during mid-day trading on Friday, hitting $7.35. The company’s stock had a trading volume of 144,750 shares. The firm has a 50 day moving average of $7.57 and a 200-day moving average of $7.10. Arbor Realty Trust has a 52-week low of $6.01 and a 52-week high of $7.99. The firm has a market cap of $377.65 million, a price-to-earnings ratio of 11.85 and a beta of 0.49.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.16. Arbor Realty Trust had a net margin of 36.72% and a return on equity of 8.27%. On average, equities research analysts expect that Arbor Realty Trust will post $0.70 EPS for the current fiscal year.
ABR has been the topic of several research analyst reports. Zacks Investment Research raised Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research note on Tuesday, August 23rd. JMP Securities raised their price objective on Arbor Realty Trust from $7.50 to $8.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$8.25.
In other Arbor Realty Trust news, Director Karen K. Edwards acquired 7,510 shares of Arbor Realty Trust stock in a transaction that occurred on Wednesday, August 31st. The shares were bought at an average price of C$7.81 per share, with a total value of C$58,653.10. Following the completion of the purchase, the director now directly owns 75,000 shares in the company, valued at approximately C$585,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 15.30% of the stock is currently owned by corporate insiders.
About Arbor Realty Trust
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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