United Capital Financial Advisers LLC lessened its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,273 shares of the real estate investment trust’s stock after selling 3,548 shares during the period. United Capital Financial Advisers LLC’s holdings in Arbor Realty Trust were worth $373,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Koshinski Asset Management Inc. purchased a new stake in shares of Arbor Realty Trust in the 4th quarter worth $201,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Arbor Realty Trust by 11.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,437 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 792 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Arbor Realty Trust during the 4th quarter worth $109,000. Centaurus Financial Inc. purchased a new stake in shares of Arbor Realty Trust during the 4th quarter worth $117,000. Finally, Bluefin Capital Management LLC purchased a new stake in shares of Arbor Realty Trust during the 4th quarter worth $159,000. Institutional investors and hedge funds own 40.03% of the company’s stock.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Friday, February 26th. Raymond James upped their target price on Arbor Realty Trust from $14.00 to $17.50 and gave the company an “outperform” rating in a research report on Thursday, February 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Arbor Realty Trust has an average rating of “Buy” and an average price target of $13.20.
Shares of ABR stock opened at $15.88 on Thursday. The stock’s 50-day simple moving average is $16.20 and its 200-day simple moving average is $14.08. The company has a debt-to-equity ratio of 2.69, a quick ratio of 18.39 and a current ratio of 18.39. The firm has a market capitalization of $1.97 billion, a PE ratio of 17.26 and a beta of 1.88. Arbor Realty Trust, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $17.19.
Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Thursday, February 18th. The real estate investment trust reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.46. Arbor Realty Trust had a return on equity of 7.88% and a net margin of 28.94%. Sell-side analysts forecast that Arbor Realty Trust, Inc. will post 1.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Wednesday, March 3rd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 8.31%. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, March 2nd. Arbor Realty Trust’s dividend payout ratio (DPR) is 97.06%.
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 in two segments, Structured Business and Agency Business. It primarily invests in real estate-related 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.
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