CANADA LIFE ASSURANCE Co Acquires 45,102 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

CANADA LIFE ASSURANCE Co raised its position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 24.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 226,212 shares of the real estate investment trust's stock after acquiring an additional 45,102 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.12% of Arbor Realty Trust worth $3,135,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ABR. Wasatch Advisors LP grew its stake in Arbor Realty Trust by 1.0% in the fourth quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust's stock valued at $49,128,000 after purchasing an additional 35,777 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Arbor Realty Trust during the fourth quarter worth $1,144,000. Nisa Investment Advisors LLC lifted its stake in Arbor Realty Trust by 29.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust's stock valued at $1,459,000 after acquiring an additional 23,987 shares during the last quarter. Norges Bank acquired a new position in shares of Arbor Realty Trust during the 4th quarter worth about $8,419,000. Finally, Bank of New York Mellon Corp grew its holdings in Arbor Realty Trust by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust's stock worth $17,428,000 after purchasing an additional 27,327 shares during the period. Institutional investors and hedge funds own 57.25% of the company's stock.

Wall Street Analyst Weigh In

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

Arbor Realty Trust Stock Performance

ABR stock traded down $0.08 during trading hours on Thursday, hitting $11.46. 1,413,365 shares of the stock were exchanged, compared to its average volume of 3,289,018. The company has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $13.33. The firm has a market capitalization of $2.20 billion, a P/E ratio of 9.64 and a beta of 1.66. Arbor Realty Trust, Inc. has a 12 month low of $9.66 and a 12 month high of $15.94. 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 (NYSE:ABR - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The business had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. On average, analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors 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 15.02%. The ex-dividend date of this dividend was Friday, March 7th. Arbor Realty Trust's dividend payout ratio is currently 144.54%.

Arbor Realty Trust 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.