Charles Schwab Investment Management Inc. raised its position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,493,105 shares of the real estate investment trust's stock after purchasing an additional 89,309 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.32% of Arbor Realty Trust worth $34,530,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV increased its position in shares of Arbor Realty Trust by 39.1% in the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 1,796 shares during the last quarter. Quest Partners LLC increased its position in shares of Arbor Realty Trust by 1,053.3% in the third quarter. Quest Partners LLC now owns 9,342 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 8,532 shares during the last quarter. Pathstone Holdings LLC increased its position in shares of Arbor Realty Trust by 42.0% in the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust's stock valued at $2,057,000 after acquiring an additional 39,072 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Arbor Realty Trust in the third quarter valued at about $1,350,000. Finally, Avior Wealth Management LLC increased its position in shares of Arbor Realty Trust by 72.9% in the third quarter. Avior Wealth Management LLC now owns 11,534 shares of the real estate investment trust's stock valued at $179,000 after acquiring an additional 4,862 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on ABR shares. Keefe, Bruyette & Woods lowered their target price on 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. Raymond James downgraded Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price target on Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Two 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $13.75.
Check Out Our Latest Stock Report on Arbor Realty Trust
Arbor Realty Trust Stock Performance
NYSE ABR traded up $0.03 during trading on Tuesday, reaching $12.26. 1,098,221 shares of the company's stock were exchanged, compared to its average volume of 3,246,510. The business has a 50 day moving average price of $13.10 and a 200-day moving average price of $14.07. The stock has a market capitalization of $2.32 billion, a P/E ratio of 10.30 and a beta of 2.05. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. Arbor Realty Trust, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $15.94.
Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The firm had revenue of $262.87 million for the quarter, compared to the consensus estimate of $88.92 million. Sell-side analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.
Arbor Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date is Friday, March 7th. Arbor Realty Trust's dividend payout ratio is presently 144.54%.
About Arbor Realty Trust
(
Free Report)
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.
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