Chartwell Investment Partners LLC boosted its stake in ARBOR RLTY TR I/SH (NYSE:ABR) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,703 shares of the real estate investment trust’s stock after acquiring an additional 1,988 shares during the period. Chartwell Investment Partners LLC owned about 0.18% of ARBOR RLTY TR I/SH worth $1,968,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. LSV Asset Management raised its holdings in shares of ARBOR RLTY TR I/SH by 84.8% in the fourth quarter. LSV Asset Management now owns 2,096,939 shares of the real estate investment trust’s stock valued at $21,116,000 after buying an additional 962,339 shares during the last quarter. BlackRock Inc. raised its holdings in ARBOR RLTY TR I/SH by 14.4% during the fourth quarter. BlackRock Inc. now owns 7,418,340 shares of the real estate investment trust’s stock worth $74,703,000 after purchasing an additional 933,973 shares in the last quarter. Mackenzie Financial Corp raised its holdings in ARBOR RLTY TR I/SH by 210.9% during the third quarter. Mackenzie Financial Corp now owns 656,585 shares of the real estate investment trust’s stock worth $7,538,000 after purchasing an additional 445,407 shares in the last quarter. KAMES CAPITAL plc purchased a new position in ARBOR RLTY TR I/SH during the fourth quarter worth about $3,739,000. Finally, Delphi Financial Group Inc. purchased a new position in ARBOR RLTY TR I/SH during the fourth quarter worth about $3,401,000. 48.00% of the stock is owned by hedge funds and other institutional investors.
Shares of ABR opened at $13.65 on Tuesday. The company has a current ratio of 13.12, a quick ratio of 13.12 and a debt-to-equity ratio of 1.97. ARBOR RLTY TR I/SH has a twelve month low of $8.59 and a twelve month high of $13.79. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 11.26 and a beta of 0.61.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a dividend of $0.27 per share. The ex-dividend date was Thursday, February 28th. This represents a $1.08 annualized dividend and a yield of 7.91%. ARBOR RLTY TR I/SH’s payout ratio is currently 89.26%.
Several research analysts recently issued reports on the stock. ValuEngine cut shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating in a report on Monday, April 1st. TheStreet upgraded shares of ARBOR RLTY TR I/SH from a “c+” rating to a “b-” rating in a research report on Friday, March 8th. Deutsche Bank lowered shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a research report on Tuesday, February 19th. Finally, Zacks Investment Research upgraded shares of ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Monday, January 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. ARBOR RLTY TR I/SH currently has a consensus rating of “Hold” and a consensus target price of $12.11.
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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