Wealthfront Advisers LLC acquired a new stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 133,887 shares of the real estate investment trust's stock, valued at approximately $1,854,000. Wealthfront Advisers LLC owned about 0.07% of Arbor Realty Trust as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of ABR. Raymond James Trust N.A. increased its stake in shares of Arbor Realty Trust by 3.0% in the 3rd quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust's stock valued at $370,000 after purchasing an additional 698 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust's stock worth $44,000 after buying an additional 701 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Arbor Realty Trust by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust's stock worth $259,000 after buying an additional 774 shares during the last quarter. Principal Securities Inc. boosted its holdings in Arbor Realty Trust by 10.0% in the 4th quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust's stock worth $126,000 after buying an additional 825 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Arbor Realty Trust by 0.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust's stock worth $2,126,000 after buying an additional 1,007 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on ABR. JPMorgan Chase & Co. lowered their price objective 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. Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods lowered their target price on 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. 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's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $13.75.
Check Out Our Latest Report on ABR
Arbor Realty Trust Stock Down 1.1 %
Shares of ABR stock traded down $0.14 on Monday, reaching $12.28. 1,476,380 shares of the stock were exchanged, compared to its average volume of 3,249,195. 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 $11.43 and a twelve month high of $15.94. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.32 and a beta of 2.05. The business's 50 day moving average price is $13.13 and its 200 day moving average price is $14.08.
Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (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 company had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. As a group, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid 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 14.01%. Arbor Realty Trust's dividend payout ratio (DPR) is 144.54%.
Arbor Realty Trust Company Profile
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Free Report)
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.
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