Wealthfront Advisers LLC acquired a new stake 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 acquired 133,887 shares of the real estate investment trust's stock, valued at approximately $1,854,000. Wealthfront Advisers LLC owned approximately 0.07% of Arbor Realty Trust as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ABR. Smartleaf Asset Management LLC raised its position in 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 worth $36,000 after acquiring an additional 1,934 shares in the last quarter. Glenmede Trust Co. NA raised its position in 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 acquiring an additional 701 shares in the last quarter. IFP Advisors Inc raised its position 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 worth $61,000 after acquiring an additional 2,000 shares in the last quarter. KBC Group NV raised its position in Arbor Realty Trust by 39.1% in the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust's stock worth $100,000 after acquiring an additional 1,796 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Arbor Realty Trust in the third quarter worth about $102,000. 57.25% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ABR has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on shares of Arbor Realty Trust from $13.50 to $12.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Finally, Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $13.75.
Check Out Our Latest Report on Arbor Realty Trust
Arbor Realty Trust Stock Up 0.4 %
NYSE:ABR traded up $0.06 on Tuesday, hitting $12.29. 2,161,089 shares of the company's stock traded hands, compared to its average volume of 3,252,479. 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 1 year low of $11.43 and a 1 year high of $15.94. The firm has a 50-day moving average price of $13.07 and a 200-day moving average price of $14.06. The company has a market cap of $2.33 billion, a PE ratio of 10.32 and a beta of 2.05.
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 earnings per share 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 analysts' expectations of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. Equities analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.
Arbor Realty Trust Announces Dividend
The company also recently declared 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 of this dividend is Friday, March 7th. This represents a $1.72 annualized dividend and a dividend yield of 14.00%. Arbor Realty Trust's dividend payout ratio is 144.54%.
About Arbor Realty Trust
(
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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