Wasatch Advisors Inc. Has $25.64 Million Holdings in ARBOR RLTY TR I/SH (ABR)
Wasatch Advisors Inc. lowered its stake in shares of ARBOR RLTY TR I/SH (NYSE:ABR) by 15.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,976,450 shares of the real estate investment trust’s stock after selling 373,579 shares during the period. Wasatch Advisors Inc.’s holdings in ARBOR RLTY TR I/SH were worth $25,635,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in ABR. Lavaca Capital LLC bought a new position in shares of ARBOR RLTY TR I/SH during the 4th quarter worth approximately $27,000. Concorde Asset Management LLC bought a new position in shares of ARBOR RLTY TR I/SH during the 4th quarter worth approximately $164,000. Vanguard Group Inc lifted its position in shares of ARBOR RLTY TR I/SH by 10.5% during the 3rd quarter. Vanguard Group Inc now owns 2,784,271 shares of the real estate investment trust’s stock worth $31,964,000 after buying an additional 264,837 shares in the last quarter. LSV Asset Management lifted its position in shares of ARBOR RLTY TR I/SH by 84.8% during the 4th quarter. LSV Asset Management now owns 2,096,939 shares of the real estate investment trust’s stock worth $21,116,000 after buying an additional 962,339 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its position in shares of ARBOR RLTY TR I/SH by 34.0% during the 4th quarter. ClariVest Asset Management LLC now owns 506,200 shares of the real estate investment trust’s stock worth $5,099,000 after buying an additional 128,371 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.
ABR stock traded up $0.05 during midday trading on Thursday, reaching $12.93. 18,720 shares of the company’s stock traded hands, compared to its average volume of 1,825,366. The company has a debt-to-equity ratio of 2.04, a current ratio of 13.17 and a quick ratio of 13.17. ARBOR RLTY TR I/SH has a 52 week low of $9.27 and a 52 week high of $13.94. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 10.66 and a beta of 0.62.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.28 per share. This is a boost from ARBOR RLTY TR I/SH’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 8.66%. ARBOR RLTY TR I/SH’s payout ratio is presently 89.26%.
ABR has been the topic of several recent analyst reports. ValuEngine raised shares of ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Deutsche Bank cut shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a report on Tuesday, February 19th. BTIG Research set a $14.00 price target on shares of ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, TheStreet raised shares of ARBOR RLTY TR I/SH from a “c+” rating to a “b-” rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.31.
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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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