Illinois Municipal Retirement Fund Has $1.42 Million Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Illinois Municipal Retirement Fund boosted its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,744 shares of the real estate investment trust’s stock after buying an additional 3,882 shares during the period. Illinois Municipal Retirement Fund’s holdings in Arbor Realty Trust were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of ABR. Wasatch Advisors LP lifted its holdings in shares of Arbor Realty Trust by 29.4% during the 3rd 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. Kestra Investment Management LLC acquired a new stake in shares of Arbor Realty Trust during the 3rd quarter valued at about $1,823,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arbor Realty Trust by 52.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock valued at $4,535,000 after buying an additional 100,055 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Arbor Realty Trust by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,403,796 shares of the real estate investment trust’s stock valued at $37,403,000 after buying an additional 97,454 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Arbor Realty Trust by 9.4% during the 4th quarter. Van ECK Associates Corp now owns 1,111,967 shares of the real estate investment trust’s stock valued at $15,401,000 after buying an additional 95,107 shares during the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Up 2.2 %

ABR opened at $12.38 on Friday. The business has a 50 day moving average price of $13.46 and a 200 day moving average price of $14.15. Arbor Realty Trust, Inc. has a twelve month low of $11.43 and a twelve month 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 firm has a market cap of $2.35 billion, a P/E ratio of 10.40 and a beta of 2.03.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The company had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Research analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared 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. This represents a $1.72 annualized dividend and a yield of 13.90%. The ex-dividend date is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is currently 144.54%.

Analyst Ratings Changes

ABR has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price target 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. 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. reduced their price target 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 given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.75.

Insiders Place Their Bets

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, with a total value of $74,661.73. Following the transaction, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

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.