Arbor Realty Trust, Inc. (NYSE:ABR) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 362,337 shares of the real estate investment trust’s stock after buying an additional 10,096 shares during the period. Commonwealth Equity Services LLC’s holdings in Arbor Realty Trust were worth $5,018,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ABR. Raymond James Financial Inc. acquired a new stake in shares of Arbor Realty Trust in the fourth quarter worth $15,967,000. Wasatch Advisors LP boosted its position in shares of Arbor Realty Trust by 29.4% in the third quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust’s stock worth $54,637,000 after buying an additional 797,453 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Arbor Realty Trust in the fourth quarter worth $2,181,000. Wealthfront Advisers LLC acquired a new stake in shares of Arbor Realty Trust in the fourth quarter worth $1,854,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Arbor Realty Trust in the third quarter worth $1,823,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Trading Down 0.8 %

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

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.43 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.02%. Arbor Realty Trust’s payout ratio is presently 144.54%.

Wall Street Analyst Weigh In

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

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.