UBS Asset Management Americas Inc. Invests $133,000 in Arbor Realty Trust (ABR) Stock
UBS Asset Management Americas Inc. acquired a new position in Arbor Realty Trust (NYSE:ABR) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,000 shares of the real estate investment trust’s stock, valued at approximately $133,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Laurion Capital Management LP acquired a new position in Arbor Realty Trust in the 2nd quarter worth approximately $2,934,000. Yorktown Management & Research Co Inc acquired a new position in Arbor Realty Trust in the 2nd quarter worth approximately $417,000. Ameriprise Financial Inc. boosted its stake in Arbor Realty Trust by 1,144.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 257,575 shares of the real estate investment trust’s stock worth $2,148,000 after purchasing an additional 236,875 shares during the period. Wells Fargo & Company MN boosted its stake in Arbor Realty Trust by 7.2% in the 2nd quarter. Wells Fargo & Company MN now owns 40,267 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 2,720 shares during the period. Finally, LSV Asset Management boosted its stake in Arbor Realty Trust by 503.0% in the 2nd quarter. LSV Asset Management now owns 208,000 shares of the real estate investment trust’s stock worth $1,734,000 after purchasing an additional 173,508 shares during the period. 47.95% of the stock is owned by hedge funds and other institutional investors.
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A number of equities research analysts have issued reports on ABR shares. Zacks Investment Research upgraded shares of Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research report on Tuesday, July 18th. BidaskClub downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th.
In other news, Director William B. Helmreich sold 28,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.03, for a total transaction of $224,840.00. Following the transaction, the director now owns 178,735 shares in the company, valued at approximately $1,435,242.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Melvin F. Lazar purchased 6,785 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average price of $8.04 per share, for a total transaction of $54,551.40. Following the acquisition, the director now directly owns 169,615 shares in the company, valued at approximately $1,363,704.60. The disclosure for this purchase can be found here. 16.50% of the stock is currently owned by company insiders.
Shares of Arbor Realty Trust (NYSE:ABR) opened at $8.44 on Wednesday. Arbor Realty Trust has a 12-month low of $6.92 and a 12-month high of $8.99. The company has a debt-to-equity ratio of 1.66, a current ratio of 11.62 and a quick ratio of 11.62. The stock has a market cap of $525.09, a P/E ratio of 8.43 and a beta of 0.61.
Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $42.14 million for the quarter. Arbor Realty Trust had a net margin of 57.54% and a return on equity of 11.88%. equities analysts expect that Arbor Realty Trust will post 0.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.00%. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.18. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 61.54%.
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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