Massachusetts Financial Services Co. MA Acquires New Holdings in ARBOR Rlty Tr I/SH (ABR)

Massachusetts Financial Services Co. MA acquired a new stake in shares of ARBOR Rlty Tr I/SH (NYSE:ABR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,112 shares of the real estate investment trust’s stock, valued at approximately $1,402,000. Massachusetts Financial Services Co. MA owned 0.16% of ARBOR Rlty Tr I/SH at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Telemus Capital LLC purchased a new position in ARBOR Rlty Tr I/SH during the 3rd quarter valued at about $115,000. Nisa Investment Advisors LLC purchased a new position in ARBOR Rlty Tr I/SH during the 3rd quarter valued at about $2,048,000. Fox Run Management L.L.C. purchased a new position in ARBOR Rlty Tr I/SH during the 3rd quarter valued at about $271,000. United Services Automobile Association increased its holdings in ARBOR Rlty Tr I/SH by 127.0% during the 2nd quarter. United Services Automobile Association now owns 40,703 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 22,773 shares during the period. Finally, Northern Trust Corp increased its holdings in ARBOR Rlty Tr I/SH by 320.1% during the 2nd quarter. Northern Trust Corp now owns 649,623 shares of the real estate investment trust’s stock valued at $6,776,000 after purchasing an additional 494,996 shares during the period. 55.97% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ABR opened at $12.32 on Friday. ARBOR Rlty Tr I/SH has a 1 year low of $7.89 and a 1 year high of $12.41. The stock has a market cap of $918.06 million, a P/E ratio of 10.28 and a beta of 0.15. The company has a current ratio of 12.60, a quick ratio of 12.66 and a debt-to-equity ratio of 2.19.

ARBOR Rlty Tr I/SH (NYSE:ABR) last posted its quarterly earnings data on Friday, November 2nd. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business had revenue of $27.95 million for the quarter, compared to analysts’ expectations of $25.00 million. ARBOR Rlty Tr I/SH had a return on equity of 13.78% and a net margin of 50.73%. ARBOR Rlty Tr I/SH’s revenue was up 52.8% on a year-over-year basis. On average, analysts expect that ARBOR Rlty Tr I/SH will post 1.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 8.77%. This is a boost from ARBOR Rlty Tr I/SH’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 14th. ARBOR Rlty Tr I/SH’s payout ratio is presently 96.15%.

A number of brokerages recently issued reports on ABR. Zacks Investment Research upgraded ARBOR Rlty Tr I/SH from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday. Deutsche Bank boosted their price target on ARBOR Rlty Tr I/SH from $11.00 to $11.50 and gave the company a “hold” rating in a report on Monday, November 5th. JPMorgan Chase & Co. downgraded ARBOR Rlty Tr I/SH from a “neutral” rating to an “underweight” rating and set a $11.55 price target on the stock. in a report on Wednesday, October 24th. BTIG Research began coverage on ARBOR Rlty Tr I/SH in a report on Monday, October 8th. They set a “buy” rating and a $13.00 price target on the stock. Finally, JMP Securities restated a “buy” rating and set a $12.00 price target on shares of ARBOR Rlty Tr I/SH in a report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. ARBOR Rlty Tr I/SH has an average rating of “Hold” and an average target price of $12.41.

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ARBOR Rlty Tr I/SH Profile

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. It operates in two segments, Structured Business and Agency Business. The company 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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Institutional Ownership by Quarter for ARBOR Rlty Tr I/SH (NYSE:ABR)

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