Renaissance Technologies LLC Boosts Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Renaissance Technologies LLC increased its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 342.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,645 shares of the real estate investment trust's stock after buying an additional 89,505 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of Arbor Realty Trust worth $1,602,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Arbor Realty Trust during the 4th quarter valued at about $15,967,000. Invesco Ltd. lifted its holdings in shares of Arbor Realty Trust by 90.2% during the fourth quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock worth $23,369,000 after purchasing an additional 799,973 shares during the period. Norges Bank purchased a new stake in Arbor Realty Trust in the fourth quarter valued at approximately $8,419,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Arbor Realty Trust in the 4th quarter worth approximately $2,181,000. Finally, Sei Investments Co. raised its position in Arbor Realty Trust by 1,208.7% during the 4th quarter. Sei Investments Co. now owns 153,898 shares of the real estate investment trust's stock worth $2,131,000 after buying an additional 142,138 shares during the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on ABR shares. Raymond James downgraded shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods cut their price target on Arbor Realty Trust from $12.00 to $11.75 and set a "market perform" rating on the stock in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $11.50 to $10.50 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Two 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 company presently has an average rating of "Hold" and an average price target of $13.38.

Arbor Realty Trust Price Performance

Shares of Arbor Realty Trust stock traded down $0.46 during trading hours on Thursday, reaching $11.08. The stock had a trading volume of 3,192,371 shares, compared to its average volume of 3,296,965. The stock's 50 day moving average is $11.63 and its 200 day moving average is $13.33. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. Arbor Realty Trust, Inc. has a twelve month low of $9.66 and a twelve month high of $15.94. The firm has a market capitalization of $2.13 billion, a PE ratio of 9.34 and a beta of 1.66.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share 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 return on equity of 14.75% and a net margin of 22.66%. Equities analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share 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. Shareholders of record on Friday, March 7th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 15.53%. The ex-dividend date of this dividend was Friday, March 7th. Arbor Realty Trust's dividend payout ratio is presently 144.54%.

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.