Mercer Global Advisors Inc. ADV Buys New Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Mercer Global Advisors Inc. ADV purchased a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) in the 4th quarter, Holdings Channel reports. The firm purchased 158,191 shares of the real estate investment trust’s stock, valued at approximately $2,191,000.

A number of other institutional investors also recently made changes to their positions in ABR. Bernard Wealth Management Corp. acquired a new stake in Arbor Realty Trust during the fourth quarter worth approximately $36,000. Smartleaf Asset Management LLC boosted its holdings in shares of Arbor Realty Trust by 280.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,934 shares during the last quarter. Quarry LP grew its position in shares of Arbor Realty Trust by 249.6% in the fourth quarter. Quarry LP now owns 3,531 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 2,521 shares during the period. Shakespeare Wealth Management LLC acquired a new position in Arbor Realty Trust in the fourth quarter valued at $59,000. Finally, IFP Advisors Inc lifted its position in Arbor Realty Trust by 82.3% during the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 2,000 shares during the period. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Up 1.2 %

ABR opened at $10.45 on Thursday. The company has a market cap of $2.01 billion, a PE ratio of 8.78 and a beta of 1.50. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49. Arbor Realty Trust, Inc. has a 1 year low of $9.66 and a 1 year high of $15.94. The firm has a 50 day moving average price of $11.48 and a 200 day moving average price of $13.17.

Arbor Realty Trust (NYSE:ABR) last issued 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 firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Sell-side analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 11.49%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 115.38%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating for the company in a research note on Tuesday. 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, JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.20.

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.