Transce3nd LLC Buys New Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Transce3nd LLC purchased a new position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 165,254 shares of the real estate investment trust's stock, valued at approximately $2,287,000. Arbor Realty Trust comprises 0.8% of Transce3nd LLC's holdings, making the stock its 19th biggest holding. Transce3nd LLC owned 0.09% of Arbor Realty Trust as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its holdings in shares of Arbor Realty Trust by 83.7% in the third quarter. HighTower Advisors LLC now owns 30,720 shares of the real estate investment trust's stock worth $481,000 after buying an additional 13,993 shares during the period. Geode Capital Management LLC boosted its stake 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 purchasing an additional 45,370 shares during the period. Virtu Financial LLC purchased a new position in Arbor Realty Trust during the 3rd quarter worth approximately $223,000. Sfmg LLC raised its stake in Arbor Realty Trust by 25.6% during the 3rd quarter. Sfmg LLC now owns 17,509 shares of the real estate investment trust's stock valued at $272,000 after purchasing an additional 3,569 shares during the period. Finally, Synovus Financial Corp purchased a new stake in shares of Arbor Realty Trust in the third quarter valued at $305,000. Institutional investors and hedge funds own 57.25% of the company's stock.

Arbor Realty Trust Stock Up 1.6 %

Shares of Arbor Realty Trust stock traded up $0.18 during trading on Friday, hitting $11.35. 1,377,989 shares of the stock traded hands, compared to its average volume of 3,293,953. The stock has a market cap of $2.15 billion, a P/E ratio of 9.53 and a beta of 1.66. The company has a fifty day moving average price of $11.78 and a two-hundred day moving average price of $13.43. Arbor Realty Trust, Inc. has a twelve month low of $9.66 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.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The business 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%. Equities research analysts predict that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 15.16%. The ex-dividend date of this dividend was Friday, March 7th. Arbor Realty Trust's dividend payout ratio is 144.54%.

Analyst Ratings Changes

Several research firms recently weighed in on ABR. Raymond James lowered Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods reduced their price target on shares of Arbor Realty Trust from $12.00 to $11.75 and set a "market perform" rating for the company in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $11.50 to $10.50 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.38.

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.