Laurion Capital Management LP Invests $2.93 Million in Arbor Realty Trust (ABR) Stock
Laurion Capital Management LP purchased a new stake in Arbor Realty Trust (NYSE:ABR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 351,838 shares of the real estate investment trust’s stock, valued at approximately $2,934,000. Laurion Capital Management LP owned approximately 0.68% of Arbor Realty Trust at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Arbor Realty Trust by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 1,782,851 shares of the real estate investment trust’s stock valued at $14,941,000 after buying an additional 75,099 shares in the last quarter. Hancock Holding Co. boosted its stake in Arbor Realty Trust by 21.2% in the 1st quarter. Hancock Holding Co. now owns 24,170 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 4,220 shares in the last quarter. UBS Group AG boosted its stake in Arbor Realty Trust by 10.7% in the 1st quarter. UBS Group AG now owns 39,570 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 3,834 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Arbor Realty Trust in the 2nd quarter valued at $2,515,000. Finally, Baird Financial Group Inc. boosted its stake in Arbor Realty Trust by 1.4% in the 1st quarter. Baird Financial Group Inc. now owns 190,269 shares of the real estate investment trust’s stock valued at $1,594,000 after buying an additional 2,677 shares in the last quarter. 47.79% of the stock is currently owned by institutional investors and hedge funds.
In other Arbor Realty Trust news, Director Melvin F. Lazar purchased 6,785 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were bought at an average price of $8.04 per share, for a total transaction of $54,551.40. Following the purchase, the director now owns 169,615 shares in the company, valued at approximately $1,363,704.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William B. Helmreich sold 28,000 shares of Arbor Realty Trust stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.03, for a total value of $224,840.00. Following the completion of the transaction, the director now owns 178,735 shares in the company, valued at approximately $1,435,242.05. The disclosure for this sale can be found here. Company insiders own 16.50% of the company’s stock.
Several analysts recently commented on ABR shares. Zacks Investment Research raised Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Tuesday, July 18th. BidaskClub lowered Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.75 price target on shares of Arbor Realty Trust in a research note on Thursday, July 6th.
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Arbor Realty Trust (ABR) opened at 8.00 on Tuesday. The firm has a 50-day moving average price of $8.11 and a 200-day moving average price of $8.24. The firm has a market cap of $490.79 million, a price-to-earnings ratio of 7.33 and a beta of 0.67. Arbor Realty Trust has a 1-year low of $6.92 and a 1-year high of $8.99.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Arbor Realty Trust had a return on equity of 10.47% and a net margin of 54.47%. The company had revenue of $34.47 million for the quarter. On average, analysts expect that Arbor Realty Trust will post $0.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.72 annualized dividend and a dividend yield of 8.99%. Arbor Realty Trust’s payout ratio is 64.29%.
Arbor Realty Trust Profile
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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