Northern Trust Corp Raises Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Northern Trust Corp grew its holdings in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,432,509 shares of the real estate investment trust's stock after purchasing an additional 220,471 shares during the quarter. Northern Trust Corp owned approximately 1.29% of Arbor Realty Trust worth $33,690,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ABR. Smartleaf Asset Management LLC grew its position in Arbor Realty Trust by 280.3% during the 4th 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. Bernard Wealth Management Corp. acquired a new position in shares of Arbor Realty Trust in the 4th quarter valued at $36,000. Quarry LP lifted its stake in shares of Arbor Realty Trust by 249.6% in the 4th 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 shares of Arbor Realty Trust in the 4th quarter valued at $59,000. Finally, IFP Advisors Inc lifted its stake in shares of Arbor Realty Trust by 82.3% in the 4th quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Down 0.8%

ABR stock traded down $0.08 during midday trading on Friday, reaching $10.46. 1,308,801 shares of the company were exchanged, compared to its average volume of 3,610,040. 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 stock's 50-day simple moving average is $11.29 and its 200 day simple moving average is $12.98. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 8.79 and a beta of 1.50.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. On average, equities analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.47%. Arbor Realty Trust's dividend payout ratio (DPR) is 115.38%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ABR shares. Keefe, Bruyette & Woods reduced 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 report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Finally, Raymond James lowered shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Arbor Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $13.20.

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.