Charles Schwab Investment Management Inc. Acquires 89,309 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Charles Schwab Investment Management Inc. lifted its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,493,105 shares of the real estate investment trust’s stock after acquiring an additional 89,309 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Arbor Realty Trust were worth $34,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. raised its holdings in Arbor Realty Trust by 3.0% during the 3rd quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 698 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in Arbor Realty Trust by 33.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 701 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Arbor Realty Trust by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 774 shares during the last quarter. Principal Securities Inc. raised its holdings in Arbor Realty Trust by 10.0% during the 4th quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 825 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Arbor Realty Trust by 0.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust’s stock valued at $2,126,000 after buying an additional 1,007 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target 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 research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Arbor Realty Trust has a consensus rating of “Hold” and a consensus price target of $13.75.

Arbor Realty Trust Stock Up 2.9 %

Shares of Arbor Realty Trust stock opened at $12.41 on Monday. The company’s fifty day simple moving average is $13.13 and its two-hundred day simple moving average is $14.08. The company has a market cap of $2.35 billion, a P/E ratio of 10.42 and a beta of 2.05. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. Arbor Realty Trust, Inc. has a 12-month low of $11.43 and a 12-month high of $15.94.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share 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 analysts’ expectations of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. Research analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.87%. The ex-dividend date is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is presently 144.54%.

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.