California Public Employees Retirement System Cuts Stake in Arbor Realty Trust (ABR)

California Public Employees Retirement System reduced its position in shares of Arbor Realty Trust (NYSE:ABR) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,900 shares of the real estate investment trust’s stock after selling 1,700 shares during the period. California Public Employees Retirement System’s holdings in Arbor Realty Trust were worth $1,893,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of Arbor Realty Trust by 0.5% in the first quarter. Wells Fargo & Company MN now owns 37,547 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 171 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Arbor Realty Trust by 7.9% in the first quarter. Ameriprise Financial Inc. now owns 20,700 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,515 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Arbor Realty Trust by 1.4% in the first quarter. Baird Financial Group Inc. now owns 190,269 shares of the real estate investment trust’s stock worth $1,594,000 after buying an additional 2,677 shares during the last quarter. Hancock Holding Co. raised its position in shares of Arbor Realty Trust by 21.2% in the first quarter. Hancock Holding Co. now owns 24,170 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 4,220 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Arbor Realty Trust during the first quarter worth about $170,000. 38.96% of the stock is currently owned by institutional investors.

Arbor Realty Trust (ABR) opened at 8.03 on Friday. Arbor Realty Trust has a 12 month low of $6.92 and a 12 month high of $8.99. The firm has a 50 day moving average price of $8.24 and a 200-day moving average price of $8.13. The firm has a market capitalization of $492.63 million, a price-to-earnings ratio of 7.35 and a beta of 0.69.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $34.47 million for the quarter. Arbor Realty Trust had a return on equity of 10.47% and a net margin of 54.47%. On average, equities analysts forecast that Arbor Realty Trust will post $0.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 16th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date is Monday, August 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 64.29%.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by BNB Daily and is the property of of BNB Daily. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/california-public-employees-retirement-system-sells-1700-shares-of-arbor-realty-trust-abr-updated-updated.html.

A number of brokerages have issued reports on ABR. Zacks Investment Research lowered Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.75 target price on shares of Arbor Realty Trust in a research report on Thursday, July 6th. Finally, BidaskClub lowered Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th.

About Arbor Realty Trust

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.

Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

Receive News & Ratings for Arbor Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arbor Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply