McIlrath & Eck LLC Buys Shares of 2,500 ARBOR RLTY TR I/SH (ABR)

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McIlrath & Eck LLC bought a new position in ARBOR RLTY TR I/SH (NYSE:ABR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,500 shares of the real estate investment trust’s stock, valued at approximately $32,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates purchased a new stake in ARBOR RLTY TR I/SH in the first quarter worth $180,000. Raymond James Financial Services Advisors Inc. increased its stake in ARBOR RLTY TR I/SH by 97.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 72,057 shares of the real estate investment trust’s stock worth $935,000 after purchasing an additional 35,623 shares during the period. Cypress Capital Management LLC WY increased its stake in ARBOR RLTY TR I/SH by 988.4% in the first quarter. Cypress Capital Management LLC WY now owns 93,604 shares of the real estate investment trust’s stock worth $1,214,000 after purchasing an additional 85,004 shares during the period. American International Group Inc. increased its stake in ARBOR RLTY TR I/SH by 9.0% in the first quarter. American International Group Inc. now owns 46,670 shares of the real estate investment trust’s stock worth $605,000 after purchasing an additional 3,863 shares during the period. Finally, First Allied Advisory Services Inc. increased its stake in ARBOR RLTY TR I/SH by 32.1% in the first quarter. First Allied Advisory Services Inc. now owns 26,013 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 6,325 shares during the period. 47.29% of the stock is owned by institutional investors.

A number of analysts have weighed in on the company. ValuEngine upgraded ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. BTIG Research set a $14.00 target price on ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a research note on Wednesday, April 17th. TheStreet upgraded ARBOR RLTY TR I/SH from a “c+” rating to a “b-” rating in a research note on Friday, March 8th. Deutsche Bank lowered 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 note on Tuesday, February 19th. Finally, Zacks Investment Research upgraded 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 note on Monday, January 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. ARBOR RLTY TR I/SH presently has a consensus rating of “Hold” and an average price target of $12.31.

Shares of ARBOR RLTY TR I/SH stock traded up $0.18 during trading on Wednesday, hitting $13.37. 19,723 shares of the stock traded hands, compared to its average volume of 1,265,716. The firm has a market cap of $1.14 billion, a P/E ratio of 10.91 and a beta of 0.62. 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 52-week low of $8.93 and a 52-week high of $13.94.

ARBOR RLTY TR I/SH (NYSE:ABR) last announced its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $71.28 million for the quarter, compared to analyst estimates of $29.10 million. ARBOR RLTY TR I/SH had a return on equity of 13.93% and a net margin of 46.30%. During the same quarter last year, the firm posted $0.25 earnings per share. Analysts forecast that ARBOR RLTY TR I/SH will post 1.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.12 annualized dividend and a dividend yield of 8.38%. This is a positive change from ARBOR RLTY TR I/SH’s previous quarterly dividend of $0.27. ARBOR RLTY TR I/SH’s dividend payout ratio (DPR) is currently 89.26%.

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ARBOR RLTY TR I/SH Company 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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Institutional Ownership by Quarter for ARBOR RLTY TR I/SH (NYSE:ABR)

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