Advisors Asset Management Inc. Acquires 15,983 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Advisors Asset Management Inc. lifted its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 186,747 shares of the real estate investment trust’s stock after buying an additional 15,983 shares during the quarter. Advisors Asset Management Inc.’s holdings in Arbor Realty Trust were worth $2,586,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Arbor Realty Trust by 280.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,934 shares in the last quarter. Glenmede Trust Co. NA raised its position in Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 701 shares during the period. IFP Advisors Inc raised its holdings in shares of Arbor Realty Trust by 82.3% in the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 2,000 shares during the period. Signaturefd LLC raised its holdings in shares of Arbor Realty Trust by 28.9% in the fourth quarter. Signaturefd LLC now owns 6,848 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 1,537 shares during the period. Finally, KBC Group NV raised its holdings in shares of Arbor Realty Trust by 39.1% in the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 1,796 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 0.8 %

Shares of NYSE:ABR opened at $12.27 on Friday. Arbor Realty Trust, Inc. has a 52-week low of $11.43 and a 52-week high of $15.94. The stock has a market cap of $2.32 billion, a P/E ratio of 10.31 and a beta of 2.05. The business’s 50 day moving average is $13.01 and its 200 day moving average is $14.03. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $262.87 million during the quarter, compared to the consensus estimate of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. Sell-side analysts predict that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.72 annualized dividend and a yield of 14.02%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 144.54%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ABR. Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their price target on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods reduced their price target on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.75.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.