Vanguard Group Inc. Has $270.36 Million Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Vanguard Group Inc. cut its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,520,775 shares of the real estate investment trust’s stock after selling 44,803 shares during the quarter. Vanguard Group Inc. owned about 10.35% of Arbor Realty Trust worth $270,363,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its holdings in shares of 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 valued at $44,000 after purchasing an additional 701 shares during the last quarter. CIBC Asset Management Inc grew its stake in Arbor Realty Trust by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 774 shares during the last quarter. Natixis Advisors LLC raised its holdings in Arbor Realty Trust by 5.0% in the 4th quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 797 shares during the period. Principal Securities Inc. lifted its position in Arbor Realty Trust by 10.0% during the fourth quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 825 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Arbor Realty Trust by 0.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust’s stock worth $2,126,000 after acquiring an additional 1,007 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 4.3 %

ABR stock opened at $11.22 on Friday. Arbor Realty Trust, Inc. has a 52 week low of $11.08 and a 52 week high of $15.94. The business has a 50-day simple moving average of $12.68 and a 200 day simple moving average of $13.90. 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 market cap of $2.13 billion, a PE ratio of 9.43 and a beta of 2.05.

Arbor Realty Trust (NYSE:ABR) last issued its 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 firm 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%. Sell-side analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 15.33%. The ex-dividend date was Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is presently 144.54%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ABR. Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.