1,152,848 Shares in Arbor Realty Trust, Inc. (NYSE:ABR) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,152,848 shares of the real estate investment trust's stock, valued at approximately $15,967,000. Raymond James Financial Inc. owned about 0.61% of Arbor Realty Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABR. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 1,934 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of 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 worth $44,000 after purchasing an additional 701 shares during the period. IFP Advisors Inc boosted its position in shares of Arbor Realty Trust by 82.3% during the 4th quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 2,000 shares during the period. KBC Group NV boosted its position in shares of Arbor Realty Trust by 39.1% during 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 during the period. Finally, Prospera Private Wealth LLC purchased a new position in shares of Arbor Realty Trust during the 3rd quarter worth approximately $102,000. Institutional investors and hedge funds own 57.25% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on ABR. Keefe, Bruyette & Woods lowered 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 research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered 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 research report on Tuesday, January 21st. Finally, Raymond James cut shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Arbor Realty Trust currently has an average rating of "Hold" and an average target price of $13.75.

Arbor Realty Trust Stock Down 0.8 %

ABR stock traded down $0.09 during midday trading on Friday, hitting $12.27. The company's stock had a trading volume of 4,190,604 shares, compared to its average volume of 3,248,282. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. Arbor Realty Trust, Inc. has a 52-week low of $11.43 and a 52-week high of $15.94. The firm has a market capitalization of $2.32 billion, a P/E ratio of 10.31 and a beta of 2.05. The firm has a 50-day simple moving average of $13.01 and a 200-day simple moving average of $14.03.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly 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). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. The business had revenue of $262.87 million during the quarter, compared to analysts' expectations of $88.92 million. As a group, equities analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.72 annualized dividend and a dividend yield of 14.02%. Arbor Realty Trust's dividend payout ratio (DPR) is currently 144.54%.

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.