Today: Today, Bank of New York Mellon Corp Acquires 793 Shares of Arbor Realty Trust (ABR)

Today, Bank of New York Mellon Corp Acquires 793 Shares of Arbor Realty Trust (ABR)

Bank of New York Mellon Corp raised its stake in Arbor Realty Trust (NYSE:ABR) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 120,485 shares of the company’s stock after buying an additional 793 shares during the period. Bank of New York Mellon Corp owned approximately 0.23% of Arbor Realty Trust worth $866,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Punch & Associates Investment Management Inc. increased its position in 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 valued at $10,368,000 after buying an additional 71,613 shares during the last quarter. Geode Capital Management LLC increased its position in Arbor Realty Trust by 5.3% in the first quarter. Geode Capital Management LLC now owns 228,096 shares of the company’s stock valued at $1,543,000 after buying an additional 11,467 shares during the last quarter. ClariVest Asset Management LLC increased its position in Arbor Realty Trust by 3.8% in the second quarter. ClariVest Asset Management LLC now owns 124,113 shares of the company’s stock valued at $892,000 after buying an additional 4,600 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Arbor Realty Trust by 467.6% in the first quarter. Goldman Sachs Group Inc. now owns 108,290 shares of the company’s stock valued at $733,000 after buying an additional 89,211 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in Arbor Realty Trust during the second quarter valued at $184,000. Hedge funds and other institutional investors own 40.78% of the company’s stock.

Shares of Arbor Realty Trust (NYSE:ABR) traded down 0.204% during midday trading on Tuesday, reaching $7.345. 23,429 shares of the company’s stock traded hands. The firm has a market capitalization of $377.39 million, a PE ratio of 11.847 and a beta of 0.49. Arbor Realty Trust has a one year low of $6.01 and a one year high of $7.99. The stock’s 50-day moving average price is $7.53 and its 200 day moving average price is $7.13.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 5th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.16. Arbor Realty Trust had a net margin of 36.72% and a return on equity of 8.27%. On average, equities research analysts expect that Arbor Realty Trust will post $0.70 earnings per share for the current fiscal year.

ABR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Keefe, Bruyette & Woods raised their price objective on shares of Arbor Realty Trust from $7.00 to $8.00 and gave the company a “market perform” rating in a research report on Tuesday, August 16th. Finally, JMP Securities raised their price objective on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Arbor Realty Trust currently has an average rating of “Buy” and an average target price of C$8.25.

In other Arbor Realty Trust news, Director Karen K. Edwards purchased 7,510 shares of Arbor Realty Trust stock in a transaction dated Wednesday, August 31st. The stock was purchased at an average price of C$7.81 per share, with a total value of C$58,653.10. Following the transaction, the director now directly owns 75,000 shares of the company’s stock, valued at C$585,750. The purchase was disclosed in a document filed with the SEC, which is available through this link. 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.

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