New Age Alpha Advisors LLC Purchases Shares of 28,669 Arbor Realty Trust, Inc. (NYSE:ABR)

New Age Alpha Advisors LLC purchased a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,669 shares of the real estate investment trust's stock, valued at approximately $397,000.

Several other institutional investors have also recently made changes to their positions in ABR. Raymond James Financial Inc. purchased a new stake in Arbor Realty Trust during the fourth quarter worth $15,967,000. Norges Bank purchased a new stake in shares of Arbor Realty Trust during the 4th quarter worth $8,419,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Arbor Realty Trust during the fourth quarter valued at about $2,181,000. Sei Investments Co. grew its stake in Arbor Realty Trust by 1,208.7% in the fourth quarter. Sei Investments Co. now owns 153,898 shares of the real estate investment trust's stock valued at $2,131,000 after purchasing an additional 142,138 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Arbor Realty Trust in the fourth quarter worth about $1,854,000. Hedge funds and other institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock traded down $0.50 during mid-day trading on Friday, reaching $11.22. 4,718,355 shares of the company traded hands, compared to its average volume of 3,296,794. The firm's fifty day moving average is $12.68 and its two-hundred day moving average is $13.89. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 9.43 and a beta of 2.05. Arbor Realty Trust, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68.

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Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (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 firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. On average, equities research analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a yield of 15.33%. Arbor Realty Trust's dividend payout ratio is currently 144.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ABR. 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. JPMorgan Chase & Co. cut their price target on shares of Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on Arbor Realty Trust from $13.50 to $12.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.