LMR Partners LLP purchased a new position in Arbor Realty Trust (NYSE:ABR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 25,693 shares of the company’s stock, valued at approximately $184,000.
Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Arbor Realty Trust by 467.6% in the first quarter. Goldman Sachs Group Inc. now owns 108,290 shares of the company’s stock worth $733,000 after buying an additional 89,211 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in shares of Arbor Realty Trust by 5.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,441,992 shares of the company’s stock worth $10,368,000 after buying an additional 71,613 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Arbor Realty Trust by 19.0% in the first quarter. Renaissance Technologies LLC now owns 248,300 shares of the company’s stock worth $1,681,000 after buying an additional 39,600 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Arbor Realty Trust by 5.3% in the first quarter. Geode Capital Management LLC now owns 228,096 shares of the company’s stock worth $1,543,000 after buying an additional 11,467 shares during the last quarter. Hedge funds and other institutional investors own 40.76% of the company’s stock.
Shares of Arbor Realty Trust (NYSE:ABR) traded down 0.27% during mid-day trading on Friday, hitting $7.36. The stock had a trading volume of 59,865 shares. The stock’s 50-day moving average is $7.55 and its 200 day moving average is $7.12. Arbor Realty Trust has a 1-year low of $6.01 and a 1-year high of $7.99. The firm has a market capitalization of $378.16 million, a price-to-earnings ratio of 11.87 and a beta of 0.49.
Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.16. Arbor Realty Trust had a net margin of 36.72% and a return on equity of 8.27%. Equities research analysts predict that Arbor Realty Trust will post $0.70 EPS for the current fiscal year.
ABR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a report on Tuesday, August 16th. Zacks Investment Research upgraded Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Tuesday, August 23rd. Finally, JMP Securities increased their price target on Arbor Realty Trust from $7.50 to $8.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$8.25.
In related news, Director Karen K. Edwards acquired 7,510 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was bought at an average cost of C$7.81 per share, with a total value of C$58,653.10. Following the acquisition, the director now owns 75,000 shares of the company’s stock, valued at approximately C$585,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.30% of the company’s stock.
About Arbor Realty Trust
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.