Sage Investment Counsel LLC Buys Shares of 37,100 Arbor Realty Trust, Inc. (NYSE:ABR)

Sage Investment Counsel LLC bought a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,100 shares of the real estate investment trust's stock, valued at approximately $514,000.

Several 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 shares of Arbor Realty Trust during the 4th quarter worth about $1,144,000. Nisa Investment Advisors LLC grew its holdings in Arbor Realty Trust by 29.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust's stock worth $1,459,000 after purchasing an additional 23,987 shares during the period. 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 worth $4,535,000 after buying an additional 100,055 shares during the last quarter. Pathstone Holdings LLC raised its stake in 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 buying an additional 39,072 shares during the period. Finally, EMC Capital Management lifted its position in shares of Arbor Realty Trust by 23,453.8% in the fourth quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust's stock valued at $261,000 after buying an additional 18,763 shares during the last quarter. 57.25% of the stock is owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ABR shares. 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 report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Arbor Realty Trust from $13.50 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. Finally, Raymond James cut shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Arbor Realty Trust presently has a consensus rating of "Hold" and an average target price of $13.75.

Insider Activity

In related news, Director William C. Green acquired 5,269 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the purchase, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

Arbor Realty Trust Stock Performance

NYSE ABR traded up $0.07 on Wednesday, reaching $12.34. The stock had a trading volume of 4,146,660 shares, compared to its average volume of 3,217,736. 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 has a market cap of $2.34 billion, a P/E ratio of 10.37 and a beta of 2.03. The firm has a fifty day moving average of $13.38 and a two-hundred day moving average of $14.14. Arbor Realty Trust, Inc. has a 1-year low of $11.43 and a 1-year high of $15.94.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released 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 analyst estimates of $88.92 million. On average, equities research analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, March 7th. This represents a $1.72 annualized dividend and a dividend yield of 13.94%. Arbor Realty Trust's dividend payout ratio is presently 144.54%.

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.