Arbor Realty Trust $ABR Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Arbor Realty Trust by 75.5% in the first quarter, bringing its ownership to 327,809 shares valued at approximately $3.85 million.
• Several institutional investors also raised their positions, with Connor Clark & Lunn Investment Management Ltd. increasing its stake by 393.3% to own 776,976 shares valued at about $9.13 million.
• Arbor Realty Trust recently announced a quarterly dividend of $0.30 per share, yielding 9.9%, with a payout ratio currently at 131.87%.

Advisors Asset Management Inc. raised its position in Arbor Realty Trust (NYSE:ABR - Free Report) by 75.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 327,809 shares of the real estate investment trust's stock after purchasing an additional 141,062 shares during the quarter. Advisors Asset Management Inc. owned about 0.17% of Arbor Realty Trust worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ABR. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Arbor Realty Trust by 393.3% in the first 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 purchasing an additional 619,473 shares during the period. Invesco Ltd. increased its stake in shares of Arbor Realty Trust by 30.3% in the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock valued at $25,827,000 after purchasing an additional 510,772 shares during the period. Nuveen LLC acquired a new stake in shares of Arbor Realty Trust in the first quarter valued at approximately $5,350,000. Northern Trust Corp increased its stake in shares of Arbor Realty Trust by 10.0% in the fourth quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock valued at $33,690,000 after purchasing an additional 220,471 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of Arbor Realty Trust by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 598,110 shares of the real estate investment trust's stock valued at $7,028,000 after purchasing an additional 128,185 shares during the period. Institutional investors and hedge funds own 57.25% of the company's stock.

Analyst Upgrades and Downgrades

ABR has been the topic of several analyst reports. JMP Securities dropped their price target on shares of Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 19th. Keefe, Bruyette & Woods raised their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a "market perform" rating in a research note on Tuesday, August 5th. Finally, Zacks Research cut 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 given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $12.63.

Arbor Realty Trust Trading Up 2.5%

Arbor Realty Trust stock opened at $12.16 on Friday. The firm has a 50 day simple moving average of $11.54 and a 200-day simple moving average of $11.22. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. The stock has a market capitalization of $2.34 billion, a PE ratio of 13.37 and a beta of 1.35. Arbor Realty Trust has a 12-month low of $8.43 and a 12-month high of $15.94.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $27.44 million during 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%. As a group, equities research analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust's dividend payout ratio (DPR) is presently 131.87%.

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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