Arbor Realty Trust, Inc. (NYSE:ABR) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,484 shares of the real estate investment trust’s stock after selling 2,236 shares during the quarter. HighTower Advisors LLC’s holdings in Arbor Realty Trust were worth $394,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of 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 valued at $36,000 after buying an additional 1,934 shares during the period. 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 lifted its holdings in Arbor Realty Trust by 82.3% in the 4th quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 2,000 shares during the last quarter. ORG Partners LLC bought a new position in shares of Arbor Realty Trust during the 4th quarter valued at about $104,000. Finally, Principal Securities Inc. grew its stake in shares of 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 purchasing an additional 825 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Down 0.1 %

Shares of NYSE:ABR opened at $11.75 on Tuesday. The firm has a 50 day simple moving average of $12.82 and a 200 day simple moving average of $13.97. Arbor Realty Trust, Inc. has a 52 week low of $11.35 and a 52 week high of $15.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49. The company has a market cap of $2.23 billion, a PE ratio of 9.88 and a beta of 2.05.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $88.92 million. As a group, research analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a yield of 14.64%. Arbor Realty Trust’s payout ratio is presently 144.54%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ABR. Keefe, Bruyette & Woods cut their target price on shares of Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Finally, Raymond James cut Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Arbor Realty Trust currently has an average rating of “Hold” and an average price target of $13.75.

About Arbor Realty Trust

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.