CANADA LIFE ASSURANCE Co Purchases 45,102 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

CANADA LIFE ASSURANCE Co boosted its position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 24.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 226,212 shares of the real estate investment trust's stock after acquiring an additional 45,102 shares during the period. CANADA LIFE ASSURANCE Co owned 0.12% of Arbor Realty Trust worth $3,135,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at approximately $15,967,000. Invesco Ltd. raised its holdings in Arbor Realty Trust by 90.2% during the 4th quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock valued at $23,369,000 after acquiring an additional 799,973 shares during the period. Norges Bank purchased a new stake in shares of Arbor Realty Trust during the fourth quarter worth $8,419,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Arbor Realty Trust in the fourth quarter worth $2,181,000. Finally, Sei Investments Co. boosted its holdings in shares of 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 worth $2,131,000 after acquiring an additional 142,138 shares during the period. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $11.32 on Friday. The stock has a market cap of $2.15 billion, a P/E ratio of 9.51 and a beta of 1.66. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The business's 50-day moving average price is $11.73 and its two-hundred day moving average price is $13.40. Arbor Realty Trust, Inc. has a twelve month low of $9.66 and a twelve month high of $15.94.

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

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 15.19%. The ex-dividend date was Friday, March 7th. Arbor Realty Trust's dividend payout ratio is currently 144.54%.

Analyst Ratings Changes

A number of analysts recently issued reports on ABR shares. Keefe, Bruyette & Woods dropped their price objective on Arbor Realty Trust from $12.00 to $11.75 and set a "market perform" rating on the stock in a report on Monday, April 7th. Raymond James downgraded shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $11.50 to $10.50 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $13.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.