Charles Schwab Investment Management Inc. lifted its position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,493,105 shares of the real estate investment trust's stock after buying an additional 89,309 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.32% of Arbor Realty Trust worth $34,530,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in Arbor Realty Trust during the fourth quarter worth approximately $1,144,000. Nisa Investment Advisors LLC raised its stake in Arbor Realty Trust by 29.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust's stock valued at $1,459,000 after acquiring an additional 23,987 shares during the period. Bank of New York Mellon Corp lifted its holdings in Arbor Realty Trust by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust's stock valued at $17,428,000 after purchasing an additional 27,327 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Arbor Realty Trust by 52.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust's stock worth $4,535,000 after purchasing an additional 100,055 shares during the period. Finally, Pathstone Holdings LLC increased its holdings 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 purchasing an additional 39,072 shares during the last quarter. 57.25% of the stock is owned by institutional investors.
Arbor Realty Trust Stock Performance
Shares of NYSE:ABR traded up $0.06 on Thursday, reaching $12.37. 2,089,760 shares of the company's stock were exchanged, compared to its average volume of 3,247,049. The company has a fifty day moving average of $13.05 and a 200-day moving average of $14.05. Arbor Realty Trust, Inc. has a twelve month low of $11.43 and a twelve month high of $15.94. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 10.46 and a beta of 2.05.
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 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 for the quarter, compared to the consensus estimate of $88.92 million. On average, research analysts predict that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.
Arbor Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 13.91%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust's dividend payout ratio is currently 144.54%.
Analyst Upgrades and Downgrades
Several analysts recently commented on ABR shares. Keefe, Bruyette & Woods reduced their target price on shares of 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. Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their target price 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.75.
Get Our Latest Report on ABR
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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