Arbor Realty Trust $ABR Stock Position Lowered by Rhumbline Advisers

Rhumbline Advisers lessened its position in Arbor Realty Trust (NYSE:ABR) by 4.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 540,681 shares of the real estate investment trust’s stock after selling 27,882 shares during the quarter. Rhumbline Advisers’ holdings in Arbor Realty Trust were worth $6,353,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new stake in shares of Arbor Realty Trust in the 1st quarter valued at approximately $250,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Arbor Realty Trust by 5.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 499,202 shares of the real estate investment trust’s stock valued at $5,866,000 after acquiring an additional 27,153 shares in the last quarter. GAMMA Investing LLC increased its stake in Arbor Realty Trust by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,308 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Arbor Realty Trust by 10.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 819,497 shares of the real estate investment trust’s stock valued at $11,350,000 after buying an additional 74,763 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Arbor Realty Trust by 75.5% in the 1st quarter. Advisors Asset Management Inc. now owns 327,809 shares of the real estate investment trust’s stock valued at $3,852,000 after buying an additional 141,062 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ABR. Keefe, Bruyette & Woods upped their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a “market perform” rating in a research note on Tuesday, August 5th. JMP Securities dropped their price objective on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 19th. Finally, Zacks Research lowered shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $12.63.

Arbor Realty Trust Stock Performance

Shares of ABR opened at $11.71 on Friday. The company’s fifty day moving average is $11.63 and its 200-day moving average is $11.19. Arbor Realty Trust has a 12 month low of $8.43 and a 12 month high of $15.94. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 12.87 and a beta of 1.35. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The business had revenue of $27.44 million for the quarter, compared to analyst estimates of $76.99 million. Equities analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 10.2%. Arbor Realty Trust’s dividend payout ratio is 131.87%.

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.