Arbor Realty Trust, Inc. (NYSE:ABR) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 40.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 193,017 shares of the real estate investment trust's stock after selling 130,656 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of Arbor Realty Trust worth $2,810,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Arbor Realty Trust by 280.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 1,934 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Arbor Realty Trust by 33.1% in the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 701 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Arbor Realty Trust by 82.3% during the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 2,000 shares during the period. Signaturefd LLC boosted its position in Arbor Realty Trust by 28.9% in the fourth quarter. Signaturefd LLC now owns 6,848 shares of the real estate investment trust's stock valued at $95,000 after buying an additional 1,537 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in Arbor Realty Trust in the 4th quarter worth approximately $104,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

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Arbor Realty Trust Price Performance

Shares of Arbor Realty Trust stock traded down $0.69 during trading hours on Monday, reaching $10.53. The stock had a trading volume of 6,919,380 shares, compared to its average volume of 3,311,249. The stock's 50 day moving average is $12.62 and its 200 day moving average is $13.86. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. Arbor Realty Trust, Inc. has a twelve month low of $10.07 and a twelve month high of $15.94. The firm 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The business had revenue of $262.87 million for the quarter, compared to analysts' expectations of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. Equities analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 16.34%. The ex-dividend date of this dividend was Friday, March 7th. Arbor Realty Trust's payout ratio is presently 144.54%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ABR. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $12.00 to $11.75 and set a "market perform" rating for the company in a research report on Monday. Finally, Raymond James downgraded Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.71.

About Arbor Realty Trust

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.