Connor Clark & Lunn Investment Management Ltd. 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 157,503 shares of the real estate investment trust's stock, valued at approximately $2,181,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Arbor Realty Trust at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KBC Group NV raised its holdings in 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 last quarter. Quest Partners LLC raised its holdings in Arbor Realty Trust by 1,053.3% during the 3rd quarter. Quest Partners LLC now owns 9,342 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 8,532 shares during the last quarter. Pathstone Holdings LLC raised its holdings in Arbor Realty Trust by 42.0% during the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust's stock worth $2,057,000 after purchasing an additional 39,072 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Arbor Realty Trust during the 3rd quarter worth about $1,350,000. Finally, Avior Wealth Management LLC raised its holdings in Arbor Realty Trust by 72.9% during the 3rd quarter. Avior Wealth Management LLC now owns 11,534 shares of the real estate investment trust's stock worth $179,000 after purchasing an additional 4,862 shares during the last quarter. 57.25% of the stock is owned by institutional investors.
Arbor Realty Trust Stock Down 0.8 %
Shares of ABR traded down $0.09 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. The firm's fifty day moving average price is $13.01 and its 200-day moving average price is $14.03. Arbor Realty Trust, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $15.94. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.31 and a beta of 2.05.
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 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 analyst estimates of $88.92 million. On average, equities research analysts expect that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.
Arbor Realty Trust Announces Dividend
The firm also recently disclosed 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 annualized dividend and a dividend yield of 14.02%. Arbor Realty Trust's dividend payout ratio is presently 144.54%.
Analyst Ratings Changes
Several brokerages have weighed in on ABR. JPMorgan Chase & Co. dropped their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Raymond James lowered 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 given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $13.75.
Check Out Our Latest Report on ABR
Arbor Realty Trust Profile
(
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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