Raymond James Financial Inc. Makes New $15.97 Million Investment in Arbor Realty Trust, Inc. (NYSE:ABR)

Raymond James Financial Inc. bought a new stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,152,848 shares of the real estate investment trust's stock, valued at approximately $15,967,000. Raymond James Financial Inc. owned approximately 0.61% of Arbor Realty Trust at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in shares of Arbor Realty Trust by 280.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 1,934 shares during the period. Bernard Wealth Management Corp. acquired a new stake in shares of Arbor Realty Trust during the fourth quarter valued at about $36,000. Shakespeare Wealth Management LLC acquired a new position in shares of Arbor Realty Trust in the fourth quarter worth about $59,000. IFP Advisors Inc boosted its holdings in Arbor Realty Trust by 82.3% in the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Arbor Realty Trust by 28.9% during the 4th quarter. Signaturefd LLC now owns 6,848 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 1,537 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Price Performance

NYSE ABR traded down $0.14 on Thursday, reaching $11.17. 2,787,871 shares of the stock traded hands, compared to its average volume of 3,301,053. Arbor Realty Trust, Inc. has a 12 month low of $9.66 and a 12 month high of $15.94. 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 simple moving average is $11.83 and its 200 day simple moving average is $13.45. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 9.39 and a beta of 1.66.

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 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. As a group, research analysts predict that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 15.40%. Arbor Realty Trust's dividend payout ratio (DPR) is 144.54%.

Analysts Set New Price Targets

ABR has been the topic of a number of recent analyst reports. Raymond James lowered shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Arbor Realty Trust from $12.00 to $11.75 and set a "market perform" rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their price target on Arbor Realty Trust from $11.50 to $10.50 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $13.38.

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.