Arbor Realty Trust, Inc. (NYSE:ABR) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lessened its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 78.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,905 shares of the real estate investment trust's stock after selling 165,918 shares during the period. Snowden Capital Advisors LLC's holdings in Arbor Realty Trust were worth $636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Wasatch Advisors LP grew its stake in Arbor Realty Trust by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust's stock valued at $49,128,000 after acquiring an additional 35,777 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Arbor Realty Trust by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,493,105 shares of the real estate investment trust's stock worth $34,530,000 after purchasing an additional 89,309 shares during the last quarter. Northern Trust Corp grew its position 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 in the last quarter. Invesco Ltd. grew its position in shares of Arbor Realty Trust by 90.2% in the fourth quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock valued at $23,369,000 after purchasing an additional 799,973 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Arbor Realty Trust by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust's stock valued at $17,428,000 after purchasing an additional 27,327 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $10.01 on Wednesday. The firm has a 50 day simple moving average of $11.18 and a 200-day simple moving average of $12.87. Arbor Realty Trust, Inc. has a 1-year low of $9.66 and a 1-year high of $15.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 8.41 and a beta of 1.50.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. The firm had revenue of $262.87 million during the quarter, compared to analysts' expectations of $88.92 million. On average, analysts expect that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.99%. Arbor Realty Trust's dividend payout ratio (DPR) is 115.38%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ABR. Keefe, Bruyette & Woods dropped their price target on Arbor Realty Trust from $11.75 to $11.00 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. Raymond James lowered Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price target on Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $13.20.

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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