Hsbc Holdings PLC Sells 1,881 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Hsbc Holdings PLC decreased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,422 shares of the real estate investment trust’s stock after selling 1,881 shares during the period. Hsbc Holdings PLC’s holdings in Arbor Realty Trust were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ABR. Smartleaf Asset Management LLC lifted its position in shares of Arbor Realty Trust by 280.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,934 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at approximately $36,000. Shakespeare Wealth Management LLC acquired a new stake in shares of Arbor Realty Trust in the fourth quarter worth $59,000. IFP Advisors Inc increased its position in Arbor Realty Trust by 82.3% during the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 2,000 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Arbor Realty Trust by 819.7% during the 4th quarter. Sterling Capital Management LLC now owns 5,803 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 5,172 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ABR shares. JPMorgan Chase & Co. cut their price objective on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. Keefe, Bruyette & Woods reduced their price objective on Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating for the company in a research report on Tuesday. Finally, Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.20.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock opened at $10.36 on Friday. The business has a 50 day simple moving average of $11.41 and a 200 day simple moving average of $13.10. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. The company has a market capitalization of $1.99 billion, a PE ratio of 8.71 and a beta of 1.50. Arbor Realty Trust, Inc. has a one year low of $9.66 and a one year high of $15.94.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 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 analyst estimates of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. On average, sell-side analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 11.58%. Arbor Realty Trust’s payout ratio is 115.38%.

Arbor Realty Trust 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.