HighTower Advisors LLC Has $302,000 Stock Holdings in Arbor Realty Trust $ABR

HighTower Advisors LLC lessened its holdings in Arbor Realty Trust (NYSE:ABR) by 9.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,725 shares of the real estate investment trust’s stock after selling 2,759 shares during the period. HighTower Advisors LLC’s holdings in Arbor Realty Trust were worth $302,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Arbor Realty Trust by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust’s stock worth $29,952,000 after purchasing an additional 56,002 shares in the last quarter. Northern Trust Corp raised its position in Arbor Realty Trust by 10.0% in the fourth quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust’s stock worth $33,690,000 after purchasing an additional 220,471 shares in the last quarter. Invesco Ltd. raised its position in Arbor Realty Trust by 30.3% in the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust’s stock worth $25,827,000 after purchasing an additional 510,772 shares in the last quarter. Principal Financial Group Inc. raised its position in Arbor Realty Trust by 2.7% in the first quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust’s stock worth $11,032,000 after purchasing an additional 24,428 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Arbor Realty Trust by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 819,497 shares of the real estate investment trust’s stock worth $11,350,000 after purchasing an additional 74,763 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABR. Zacks Research cut shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a “market perform” rating in a research note on Tuesday, August 5th. Finally, JMP Securities cut their target price on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $12.63.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $11.67 on Wednesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. The firm has a market cap of $2.24 billion, a P/E ratio of 12.82 and a beta of 1.35. The firm has a 50 day simple moving average of $11.45 and a 200 day simple moving average of $11.24. Arbor Realty Trust has a fifty-two week low of $8.43 and a fifty-two week high of $15.94.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. Sell-side analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.3%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 131.87%.

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.