Corient Private Wealth LLC Raises Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Corient Private Wealth LLC boosted its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,426 shares of the real estate investment trust’s stock after purchasing an additional 4,017 shares during the period. Corient Private Wealth LLC’s holdings in Arbor Realty Trust were worth $255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised 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 valued at $112,156,000 after buying an additional 32,788 shares during the period. Geode Capital Management LLC increased its holdings in Arbor Realty Trust by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock worth $66,905,000 after acquiring an additional 45,370 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Arbor Realty Trust by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,493,105 shares of the real estate investment trust’s stock valued at $34,530,000 after acquiring an additional 89,309 shares during the period. Bank of New York Mellon Corp lifted its holdings in Arbor Realty Trust by 2.2% during the fourth 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 purchasing an additional 27,327 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Arbor Realty Trust during the fourth quarter worth about $15,967,000. 57.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on ABR shares. Keefe, Bruyette & Woods lowered 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. Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.75.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $11.75 on Tuesday. The company’s 50 day simple moving average is $12.82 and its two-hundred day simple moving average is $13.97. The stock has a market capitalization of $2.23 billion, a PE ratio of 9.88 and a beta of 2.05. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. Arbor Realty Trust, Inc. has a 1 year low of $11.35 and a 1 year high of $15.94.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $88.92 million. Analysts predict that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

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