Norges Bank Invests $8.42 Million in Arbor Realty Trust, Inc. (NYSE:ABR)

Norges Bank bought a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 607,883 shares of the real estate investment trust's stock, valued at approximately $8,419,000. Norges Bank owned about 0.32% of Arbor Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ABR. FMR LLC boosted its holdings in shares of Arbor Realty Trust by 143.2% during the 3rd quarter. FMR LLC now owns 25,732 shares of the real estate investment trust's stock valued at $400,000 after purchasing an additional 15,151 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $4,535,000 after acquiring an additional 100,055 shares during the last quarter. HighTower Advisors LLC raised its position in Arbor Realty Trust by 83.7% in the 3rd quarter. HighTower Advisors LLC now owns 30,720 shares of the real estate investment trust's stock worth $481,000 after purchasing an additional 13,993 shares during the period. State Street Corp grew its position in Arbor Realty Trust by 0.5% in the 3rd quarter. State Street Corp now owns 7,207,950 shares of the real estate investment trust's stock valued at $112,156,000 after acquiring an additional 32,788 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Arbor Realty Trust in the third quarter worth about $413,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

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Arbor Realty Trust Trading Up 0.7 %

Shares of ABR stock traded up $0.07 during trading hours on Friday, hitting $10.51. The company had a trading volume of 3,651,001 shares, compared to its average volume of 3,321,918. Arbor Realty Trust, Inc. has a fifty-two week low of $9.66 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. The company's fifty day moving average is $12.27 and its 200 day moving average is $13.67. The stock has a market capitalization of $1.99 billion, a PE ratio of 8.84 and a beta of 1.66.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 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 analysts' expectations of $88.92 million. Research analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 16.36%. The ex-dividend date of this dividend was Friday, March 7th. Arbor Realty Trust's dividend payout ratio is presently 144.54%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ABR. Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $12.00 to $11.75 and set a "market perform" rating on the stock in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating for the company in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $13.71.

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.