Arbor Realty Trust, Inc. (
, a real estate investment trust (REIT), recently announced a
public offering of 3.5 million shares to increase its liquidity. To
cover up for over allotments, Arbor Realty also plans to offer an
option to the underwriters for purchase of an additional tranche in
excess of 0.5 million shares.
ARBOR RLTY TRST (ABR): Free Stock Analysis
DEUTSCHE BK AG (DB): Free Stock Analysis Report
REDWOOD TRUST (RWT): Free Stock Analysis Report
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Deutsche Bank Securities Inc, part of
Deutsche Bank AG (
, is the sole book running manager for the offering.
Arbor Realty intends to use the net proceeds from the equity offer
to increase its investment portfolio and for general corporate
Earlier in June 2012, Arbor Realty had issued 3.5 million shares in
a public offering to raise net proceeds of approximately $17.5
million. At the end of June 2012, cash and cash equivalents stood
at $64.3 million with outstanding borrowings for its loan and
investment portfolio totalling approximately $1.3 billion. The
company diligently manages its portfolio to maintain steady cash
reserves. At the same time, it ensures capital appreciation to
maximize returns for its shareholders.
Headquartered in Uniondale, New York, Arbor Realty invests in a
diversified portfolio of multi-family and commercial real
estate-related bridge and mezzanine loans, preferred equity
investments, mortgage-related securities and other real estate
related assets. The company provides structured finance products to
a diverse group of asset classes across a wide geographic region.
Arbor Realty Trust currently retains a Zacks #3 Rank, which
translates into a short-term Hold rating. We also have a long-term
Neutral recommendation on the stock. One of its competitors,
Redwood Trust, Inc.
) currently retains a Zacks #2 Rank, which implies a Buy