Arbor Realty Trust $ABR Holdings Reduced by Rhumbline Advisers

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 decreased its position in Arbor Realty Trust (NYSE:ABR - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 approximately 0.28% of Arbor Realty Trust worth $6,353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABR. Connor Clark & Lunn Investment Management Ltd. grew its position 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 worth $9,129,000 after purchasing an additional 619,473 shares during the last quarter. Invesco Ltd. grew its position in Arbor Realty Trust by 30.3% in 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 during the last quarter. Nuveen LLC bought a new position in Arbor Realty Trust in the 1st quarter worth about $5,350,000. Advisors Asset Management Inc. lifted its stake in shares of Arbor Realty Trust by 75.5% in 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 acquiring an additional 141,062 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Arbor Realty Trust by 27.3% in 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 acquiring an additional 128,185 shares during the period. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Down 1.5%

ABR stock opened at $11.71 on Friday. Arbor Realty Trust has a 12 month low of $8.43 and a 12 month high of $15.94. The firm has a market cap of $2.25 billion, a PE ratio of 12.87 and a beta of 1.35. The firm has a 50 day simple moving average of $11.63 and a 200 day simple moving average of $11.19. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37.

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

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors 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 yield of 10.2%. Arbor Realty Trust's dividend payout ratio is currently 131.87%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ABR shares. Keefe, Bruyette & Woods upped their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a research note on Tuesday, August 5th. Zacks Research lowered shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. Finally, JMP Securities reduced 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 research note on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust currently has a consensus rating of "Reduce" and a consensus price target of $12.63.

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.

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