Smartleaf Asset Management LLC Grows Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Smartleaf Asset Management LLC raised its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 280.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,624 shares of the real estate investment trust’s stock after buying an additional 1,934 shares during the period. Smartleaf Asset Management LLC’s holdings in Arbor Realty Trust were worth $36,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Arbor Realty Trust by 0.5% in the third quarter. State Street Corp now owns 7,207,950 shares of the real estate investment trust’s stock worth $112,156,000 after acquiring an additional 32,788 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Arbor Realty Trust by 1.1% during the third quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock worth $66,905,000 after buying an additional 45,370 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Arbor Realty Trust by 29.4% in the third quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust’s stock valued at $54,637,000 after buying an additional 797,453 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Arbor Realty Trust by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,403,796 shares of the real estate investment trust’s stock worth $37,403,000 after acquiring an additional 97,454 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Arbor Realty Trust by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust’s stock valued at $17,428,000 after acquiring an additional 27,327 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABR has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.75.

Arbor Realty Trust Trading Down 2.3 %

ABR opened at $12.03 on Wednesday. The stock has a market capitalization of $2.28 billion, a PE ratio of 10.11 and a beta of 2.05. Arbor Realty Trust, Inc. has a one year low of $11.43 and a one year 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 business’s 50 day moving average price is $13.23 and its 200 day moving average price is $14.11.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results 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). The business had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. As a group, equities research analysts expect that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.43 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a yield of 14.30%. Arbor Realty Trust’s payout ratio is currently 144.54%.

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.