Arbor Realty Trust $ABR Shares Sold by Vanguard Group Inc.

Key Points

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Vanguard Group Inc. decreased its holdings in Arbor Realty Trust (NYSE:ABR - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,179,358 shares of the real estate investment trust's stock after selling 341,417 shares during the quarter. Vanguard Group Inc. owned about 9.98% of Arbor Realty Trust worth $225,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABR. Raymond James Financial Inc. purchased a new stake in Arbor Realty Trust in the 4th quarter valued at $15,967,000. Tudor Investment Corp ET AL raised its position in Arbor Realty Trust by 496.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 450,822 shares of the real estate investment trust's stock valued at $6,244,000 after purchasing an additional 375,293 shares during the last quarter. Northern Trust Corp raised its position in Arbor Realty Trust by 10.0% in the 4th 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 last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Arbor Realty Trust during the 4th quarter worth $2,191,000. Finally, Pennington Partners & CO. LLC purchased a new position in Arbor Realty Trust during the 4th quarter worth $1,763,000. Hedge funds and other institutional investors own 57.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABR. Keefe, Bruyette & Woods increased 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 report on Tuesday, August 5th. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th.

Insider Buying and Selling

In other news, CEO Ivan Kaufman acquired 140,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were bought at an average price of $9.43 per share, for a total transaction of $1,320,200.00. Following the completion of the purchase, the chief executive officer directly owned 1,929,816 shares of the company's stock, valued at approximately $18,198,164.88. This trade represents a 7.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company's stock.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock opened at $11.45 on Tuesday. Arbor Realty Trust has a 12-month low of $8.43 and a 12-month high of $15.94. The stock has a market capitalization of $2.20 billion, a P/E ratio of 12.58 and a beta of 1.37. The firm's 50-day moving average is $11.15 and its two-hundred day moving average is $11.37. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. The company had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Equities analysts predict 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 will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.20 annualized dividend and a yield of 10.5%. 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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