Rhumbline Advisers Sells 27,882 Shares of Arbor Realty Trust $ABR

Key Points

• Rhumbline Advisers has reduced its holdings in Arbor Realty Trust by 4.9% in the first quarter, now owning approximately $6.35 million worth of shares.
• Arbor Realty Trust reported a net income miss with an EPS of $0.24, missing estimates of $0.27, and had a revenue of $27.44 million against expectations of $76.99 million.
• The company recently announced a quarterly dividend of $0.30 per share, reflecting a yield of 10.2%, despite a high dividend payout ratio of 131.87%.

Rhumbline Advisers cut its position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 540,681 shares of the real estate investment trust's stock after selling 27,882 shares during the period. Rhumbline Advisers owned 0.28% of Arbor Realty Trust worth $6,353,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ABR. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Arbor Realty Trust by 393.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,976 shares of the real estate investment trust's stock valued at $9,129,000 after acquiring an additional 619,473 shares during the period. Invesco Ltd. grew its position in shares of Arbor Realty Trust by 30.3% during the 1st quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock worth $25,827,000 after purchasing an additional 510,772 shares in the last quarter. Nuveen LLC acquired a new position in shares of Arbor Realty Trust during the 1st quarter worth approximately $5,350,000. Advisors Asset Management Inc. grew its position in shares of Arbor Realty Trust by 75.5% during the 1st quarter. Advisors Asset Management Inc. now owns 327,809 shares of the real estate investment trust's stock worth $3,852,000 after purchasing an additional 141,062 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of Arbor Realty Trust by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 598,110 shares of the real estate investment trust's stock worth $7,028,000 after purchasing an additional 128,185 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. JMP Securities cut their price target on shares of Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a report on Tuesday, August 19th. Finally, Zacks Research downgraded shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $12.63.

Arbor Realty Trust Price Performance

NYSE:ABR traded up $0.05 on Thursday, hitting $11.83. The company had a trading volume of 634,275 shares, compared to its average volume of 3,308,143. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 12.99 and a beta of 1.35. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average of $11.68 and a two-hundred day moving average of $11.18. Arbor Realty Trust has a 52 week low of $8.43 and a 52 week high of $15.94.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The business had revenue of $27.44 million for the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, research analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 10.1%. Arbor Realty Trust's dividend payout ratio (DPR) is presently 131.87%.

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.