HighTower Advisors LLC trimmed its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 15.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,107 shares of the real estate investment trust’s stock after selling 3,752 shares during the quarter. HighTower Advisors LLC’s holdings in Arbor Realty Trust were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABR. Catalyst Capital Advisors LLC lifted its holdings in shares of Arbor Realty Trust by 37.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 2,170 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 590 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Arbor Realty Trust by 36.1% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,083 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 553 shares in the last quarter. Key Financial Inc purchased a new stake in Arbor Realty Trust in the second quarter worth about $70,000. Eaton Vance Management bought a new position in shares of Arbor Realty Trust in the first quarter worth about $73,000. Finally, NEXT Financial Group Inc lifted its position in shares of Arbor Realty Trust by 318.6% during the 2nd quarter. NEXT Financial Group Inc now owns 4,240 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 3,227 shares in the last quarter. 42.15% of the stock is currently owned by hedge funds and other institutional investors.
ABR has been the subject of several analyst reports. JMP Securities increased their target price on shares of Arbor Realty Trust from $18.00 to $19.50 and gave the stock a “market outperform” rating in a report on Tuesday, August 3rd. Zacks Investment Research raised shares of Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, August 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $19.38.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Thursday, July 29th. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. The firm had revenue of $58.77 million during the quarter, compared to the consensus estimate of $54.27 million. Arbor Realty Trust had a return on equity of 18.75% and a net margin of 89.91%. The company’s quarterly revenue was up 40.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. As a group, equities analysts predict that Arbor Realty Trust, Inc. will post 1.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Monday, August 16th were given a $0.35 dividend. The ex-dividend date was Friday, August 13th. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 7.62%.
About Arbor Realty Trust
Arbor Realty Trust, Inc operates as real estate investment trust, which engages in the provision of loan origination and servicing for multifamily, seniors housing, healthcare, and diverse commercial real estate assets. It operates through the Structured Business and Agency Business segments. The Structured Business segment offers structured loan origination and investment services.
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