1,152,848 Shares in Arbor Realty Trust, Inc. (NYSE:ABR) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Arbor Realty Trust, Inc. (NYSE:ABR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,152,848 shares of the real estate investment trust’s stock, valued at approximately $15,967,000. Raymond James Financial Inc. owned 0.61% of Arbor Realty Trust at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ABR. KBC Group NV lifted its stake 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 during the period. Quest Partners LLC lifted its stake in Arbor Realty Trust by 1,053.3% in the third quarter. Quest Partners LLC now owns 9,342 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 8,532 shares during the period. Pathstone Holdings LLC lifted its stake in Arbor Realty Trust by 42.0% in the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after acquiring an additional 39,072 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Arbor Realty Trust in the third quarter worth about $1,350,000. Finally, Avior Wealth Management LLC lifted its stake in Arbor Realty Trust by 72.9% in the third quarter. Avior Wealth Management LLC now owns 11,534 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 4,862 shares during the period. 57.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $12.29 on Wednesday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 10.32 and a beta of 2.05. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The company has a 50 day moving average price of $13.07 and a 200 day moving average price of $14.06. Arbor Realty Trust, Inc. has a 52 week low of $11.43 and a 52 week high of $15.94.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data 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 company had revenue of $262.87 million during 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%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 14.00%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust’s payout ratio is currently 144.54%.

Arbor Realty Trust Company 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.