Caxton Associates LLP Invests $954,000 in Arbor Realty Trust $ABR

Key Points

• Caxton Associates LLP has invested approximately $954,000 in Arbor Realty Trust by acquiring 81,222 shares in the first quarter, indicating strong institutional interest in the company.
• Arbor Realty Trust reported a loss of $0.03 per share in its latest earnings, missing analysts' estimates, and announced a quarterly dividend of $0.30 per share with a yield of 10.2%.
• Amid mixed analyst ratings, Zacks downgraded Arbor Realty Trust to a "strong sell", while others set a consensus target price of $12.63 for the stock.

Caxton Associates LLP purchased a new stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 81,222 shares of the real estate investment trust's stock, valued at approximately $954,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in Arbor Realty Trust in the first quarter valued at approximately $31,000. Bernard Wealth Management Corp. bought a new position in shares of Arbor Realty Trust during the 4th quarter valued at $36,000. GAMMA Investing LLC lifted its stake in shares of 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 valued at $39,000 after purchasing an additional 2,308 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Arbor Realty Trust by 25,163.2% in the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 4,781 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Arbor Realty Trust during the first quarter worth $65,000. Institutional investors and hedge funds own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

ABR traded down $0.18 during midday trading on Friday, reaching $11.71. The company's stock had a trading volume of 1,758,396 shares, compared to its average volume of 1,982,106. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The company has a fifty day simple moving average of $11.63 and a 200 day simple moving average of $11.18. The stock has a market cap of $2.25 billion, a P/E ratio of 12.87 and a beta of 1.35. Arbor Realty Trust has a twelve month low of $8.43 and a twelve 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 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 during the quarter, compared to the consensus estimate of $76.99 million. Research analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 10.2%. Arbor Realty Trust's payout ratio is presently 131.87%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ABR. Keefe, Bruyette & Woods boosted their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. Zacks Research lowered Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Finally, JMP Securities lowered their price target on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust presently has an average 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.