LMR Partners LLP acquired a new position in Arbor Realty Trust (NYSE:ABR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,693 shares of the company’s stock, valued at approximately $184,000. LMR Partners LLP owned approximately 0.05% of Arbor Realty Trust as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Arbor Realty Trust by 467.6% in the first quarter. Goldman Sachs Group Inc. now owns 108,290 shares of the company’s stock valued at $733,000 after buying an additional 89,211 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in Arbor Realty Trust by 5.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,441,992 shares of the company’s stock valued at $10,368,000 after buying an additional 71,613 shares in the last quarter. Renaissance Technologies LLC increased its stake in Arbor Realty Trust by 19.0% in the first quarter. Renaissance Technologies LLC now owns 248,300 shares of the company’s stock valued at $1,681,000 after buying an additional 39,600 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Arbor Realty Trust by 5.3% in the first quarter. Geode Capital Management LLC now owns 228,096 shares of the company’s stock valued at $1,543,000 after buying an additional 11,467 shares in the last quarter. 40.76% of the stock is owned by institutional investors.
Arbor Realty Trust (NYSE:ABR) traded down 0.27% during mid-day trading on Friday, reaching $7.36. 59,865 shares of the company’s stock traded hands. Arbor Realty Trust has a 12-month low of $6.01 and a 12-month high of $7.99. The stock has a 50-day moving average price of $7.55 and a 200-day moving average price of $7.12. The stock has a market capitalization of $378.16 million, a PE ratio of 11.87 and a beta of 0.49.
Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. Equities research analysts expect that Arbor Realty Trust will post $0.70 EPS for the current year.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Tuesday, August 23rd. JMP Securities boosted their price target on shares of 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 boosted their price target on shares of 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$8.25.
In other news, Director Karen K. Edwards acquired 7,510 shares of Arbor Realty Trust stock in a transaction dated Wednesday, August 31st. The stock was purchased at an average cost 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 15.30% of the stock is currently owned by 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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