ARBOR RLTY TR I/SH (NYSE:ABR) Position Lifted by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. increased its holdings in shares of ARBOR RLTY TR I/SH (NYSE:ABR) by 4.4% during the first quarter, Holdings Channel reports. The fund owned 368,868 shares of the real estate investment trust’s stock after acquiring an additional 15,596 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in ARBOR RLTY TR I/SH were worth $4,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of ABR. BlackRock Inc. lifted its position in shares of ARBOR RLTY TR I/SH by 15.9% during the 1st quarter. BlackRock Inc. now owns 8,600,424 shares of the real estate investment trust’s stock valued at $111,547,000 after acquiring an additional 1,182,084 shares during the period. LSV Asset Management lifted its position in shares of ARBOR RLTY TR I/SH by 46.0% during the 1st quarter. LSV Asset Management now owns 3,062,519 shares of the real estate investment trust’s stock valued at $39,720,000 after acquiring an additional 965,580 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of ARBOR RLTY TR I/SH by 12.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,217,231 shares of the real estate investment trust’s stock valued at $12,258,000 after acquiring an additional 139,553 shares during the period. Northern Trust Corp lifted its position in shares of ARBOR RLTY TR I/SH by 7.8% during the 1st quarter. Northern Trust Corp now owns 873,346 shares of the real estate investment trust’s stock valued at $11,328,000 after acquiring an additional 63,063 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of ARBOR RLTY TR I/SH by 17.1% during the 4th quarter. Geode Capital Management LLC now owns 749,698 shares of the real estate investment trust’s stock valued at $7,549,000 after acquiring an additional 109,739 shares during the period. 47.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of ABR stock traded up $0.13 on Friday, hitting $12.30. 1,008,842 shares of the company’s stock were exchanged, compared to its average volume of 1,547,282. The company has a quick ratio of 13.17, a current ratio of 13.17 and a debt-to-equity ratio of 2.04. ARBOR RLTY TR I/SH has a 12 month low of $9.62 and a 12 month high of $13.94. The company has a market cap of $1.16 billion, a P/E ratio of 9.36 and a beta of 0.67.

ARBOR RLTY TR I/SH (NYSE:ABR) last announced its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. ARBOR RLTY TR I/SH had a return on equity of 13.61% and a net margin of 46.30%. The business had revenue of $71.28 million during the quarter, compared to the consensus estimate of $29.10 million. During the same period in the prior year, the company earned $0.25 EPS. As a group, equities research analysts anticipate that ARBOR RLTY TR I/SH will post 1.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 23rd were given a dividend of $0.28 per share. This is an increase from ARBOR RLTY TR I/SH’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 9.11%. The ex-dividend date was Wednesday, May 22nd. ARBOR RLTY TR I/SH’s dividend payout ratio is currently 92.56%.

A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded ARBOR RLTY TR I/SH from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research report on Thursday, May 23rd. ValuEngine downgraded ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. BTIG Research set a $14.00 target price on ARBOR RLTY TR I/SH and gave the company a “buy” rating in a research report on Wednesday, April 17th. Deutsche Bank downgraded ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research report on Tuesday, February 19th. Finally, TheStreet downgraded ARBOR RLTY TR I/SH from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.71.

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About ARBOR RLTY TR I/SH

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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Want to see what other hedge funds are holding ABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARBOR RLTY TR I/SH (NYSE:ABR).

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

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