Handelsbanken Fonder AB Lowers Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Handelsbanken Fonder AB cut its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 27.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 57,500 shares of the real estate investment trust’s stock after selling 21,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Arbor Realty Trust were worth $796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Arbor Realty Trust in the 3rd quarter worth approximately $38,000. Glenmede Trust Co. NA lifted its stake in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 701 shares in the last quarter. KBC Group NV lifted its stake in Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Arbor Realty Trust in the 3rd quarter worth approximately $102,000. Finally, ORG Partners LLC purchased a new stake in shares of Arbor Realty Trust during the 4th quarter valued at $104,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Raymond James downgraded shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.75.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $12.38 on Friday. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $2.35 billion, a PE ratio of 10.40 and a beta of 2.03. The firm has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $14.15. Arbor Realty Trust, Inc. has a twelve month low of $11.43 and a twelve month high of $15.94.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business 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%. Research analysts expect that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 13.90%. The ex-dividend date is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is presently 144.54%.

Insiders Place Their Bets

In other news, Director William C. Green acquired 5,269 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

About Arbor Realty Trust

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.