Wasatch Advisors LP Acquires 35,777 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Wasatch Advisors LP raised its position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,547,158 shares of the real estate investment trust's stock after acquiring an additional 35,777 shares during the quarter. Wasatch Advisors LP owned approximately 1.88% of Arbor Realty Trust worth $49,128,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ABR. Raymond James Financial Inc. purchased a new stake in Arbor Realty Trust in the fourth quarter worth $15,967,000. Invesco Ltd. grew its position in shares of Arbor Realty Trust by 90.2% in the 4th quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock worth $23,369,000 after buying an additional 799,973 shares during the period. Norges Bank bought a new position in shares of Arbor Realty Trust in the 4th quarter worth about $8,419,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Arbor Realty Trust during the 4th quarter valued at about $2,181,000. Finally, Sei Investments Co. boosted its stake in Arbor Realty Trust by 1,208.7% during the fourth quarter. Sei Investments Co. now owns 153,898 shares of the real estate investment trust's stock worth $2,131,000 after acquiring an additional 142,138 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ABR. JPMorgan Chase & Co. reduced their price objective on Arbor Realty Trust from $11.50 to $10.50 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Raymond James lowered Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut 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, April 7th. Two equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.38.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded down $0.32 during midday trading on Monday, hitting $10.71. The company had a trading volume of 1,448,331 shares, compared to its average volume of 3,305,310. The company has a fifty day moving average of $11.98 and a two-hundred day moving average of $13.51. Arbor Realty Trust, Inc. has a 12-month low of $9.66 and a 12-month 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 has a market cap of $2.03 billion, a price-to-earnings ratio of 9.00 and a beta of 1.66.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $262.87 million for the quarter, compared to the consensus estimate of $88.92 million. On average, equities research analysts expect that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, March 7th. This represents a $1.72 annualized dividend and a dividend yield of 16.06%. Arbor Realty Trust's dividend payout ratio (DPR) is 144.54%.

Arbor Realty Trust 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.