ARBOR RLTY TR I/SH (NYSE:ABR) Short Interest Update

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ARBOR RLTY TR I/SH (NYSE:ABR) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,240,000 shares, a growth of 9.3% from the September 30th total of 12,110,000 shares. Approximately 14.9% of the company’s shares are short sold. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is presently 10.0 days.

Shares of NYSE:ABR traded down $0.03 during trading on Friday, hitting $15.04. The stock had a trading volume of 1,123,751 shares, compared to its average volume of 2,126,186. ARBOR RLTY TR I/SH has a 12 month low of $9.62 and a 12 month high of $15.77. The company has a market capitalization of $1.47 billion, a PE ratio of 11.50 and a beta of 0.61. The firm’s fifty day moving average is $13.68 and its 200 day moving average is $12.86. The company has a quick ratio of 15.03, a current ratio of 15.03 and a debt-to-equity ratio of 2.07.

ARBOR RLTY TR I/SH (NYSE:ABR) last announced its earnings results on Friday, November 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. ARBOR RLTY TR I/SH had a return on equity of 13.03% and a net margin of 44.18%. The firm had revenue of $32.45 million during the quarter, compared to analyst estimates of $34.73 million. During the same quarter in the prior year, the company earned $0.36 EPS. The business’s revenue was up 16.1% compared to the same quarter last year. Equities research analysts expect that ARBOR RLTY TR I/SH will post 1.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.98%. The ex-dividend date is Thursday, November 14th. ARBOR RLTY TR I/SH’s dividend payout ratio is currently 99.17%.

In related news, insider Hall Anthony 2,500,000 shares of ARBOR RLTY TR I/SH stock in a transaction dated Thursday, October 17th. Also, Director William C. Green purchased 20,000 shares of the stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of $12.83 per share, with a total value of $256,600.00. Following the transaction, the director now directly owns 121,265 shares in the company, valued at $1,555,829.95. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. US Bancorp DE purchased a new stake in shares of ARBOR RLTY TR I/SH in the 2nd quarter worth approximately $56,000. Catalyst Capital Advisors LLC grew its stake in shares of ARBOR RLTY TR I/SH by 256.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,480 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 5,380 shares during the last quarter. Gateway Advisory LLC purchased a new stake in shares of ARBOR RLTY TR I/SH in the 3rd quarter worth approximately $141,000. MML Investors Services LLC purchased a new stake in shares of ARBOR RLTY TR I/SH in the 2nd quarter worth approximately $149,000. Finally, Concorde Asset Management LLC purchased a new stake in shares of ARBOR RLTY TR I/SH in the 3rd quarter worth approximately $153,000. 46.75% of the stock is owned by hedge funds and other institutional investors.

ABR has been the subject of several research reports. JMP Securities increased their target price on ARBOR RLTY TR I/SH from $14.50 to $15.00 and gave the stock a “market outperform” rating in a research report on Monday, November 4th. Zacks Investment Research lowered ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Raymond James increased their target price on ARBOR RLTY TR I/SH from $14.50 to $15.50 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, ValuEngine raised ARBOR RLTY TR I/SH from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.90.

ARBOR RLTY TR I/SH Company Profile

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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