Arbor Realty Trust $ABR Shares Acquired 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. increased its position in Arbor Realty Trust (NYSE:ABR - Free Report) by 75.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 327,809 shares of the real estate investment trust's stock after acquiring an additional 141,062 shares during the period. Advisors Asset Management Inc. owned approximately 0.17% of Arbor Realty Trust worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABR. Smallwood Wealth Investment Management LLC acquired a new position in shares of Arbor Realty Trust in the first quarter valued at about $31,000. Bernard Wealth Management Corp. purchased a new stake in Arbor Realty Trust in the fourth quarter valued at approximately $36,000. GAMMA Investing LLC increased its holdings in Arbor Realty Trust by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust's stock worth $39,000 after buying an additional 2,308 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Arbor Realty Trust during the 1st quarter worth approximately $65,000. Finally, Financial Network Wealth Advisors LLC purchased a new position in Arbor Realty Trust during the 1st quarter worth approximately $88,000. Institutional investors and hedge funds own 57.25% of the company's stock.

Arbor Realty Trust Price Performance

Shares of Arbor Realty Trust stock traded up $0.14 on Thursday, reaching $11.88. The company's stock had a trading volume of 2,095,637 shares, compared to its average volume of 2,064,326. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $2.28 billion, a P/E ratio of 13.05 and a beta of 1.35. The stock has a 50-day moving average price of $11.61 and a 200-day moving average price of $11.19. 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 analysts' consensus estimates of $0.27 by ($0.03). The company had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. Analysts expect that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.30 dividend. The ex-dividend date 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 131.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ABR. Keefe, Bruyette & Woods upped their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a "market perform" rating in a report on Tuesday, August 5th. Zacks Research lowered shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Finally, JMP Securities cut their price target on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price 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.