Connor Clark & Lunn Investment Management Ltd. Acquires 619,473 Shares of Arbor Realty Trust (NYSE:ABR)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in Arbor Realty Trust by 393.3%, owning 776,976 shares after acquiring an additional 619,473 shares in the first quarter.
• CEO Ivan Kaufman purchased 60,000 shares at an average cost of $8.70, increasing his ownership in the company to approximately $17.3 million.
• Arbor Realty Trust announced a quarterly dividend of $0.30 per share, resulting in a yield of 10.1%, while their dividend payout ratio stands at 131.87%.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Arbor Realty Trust (NYSE:ABR - Free Report) by 393.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 776,976 shares of the real estate investment trust's stock after buying an additional 619,473 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.40% of Arbor Realty Trust worth $9,129,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. grew its stake in Arbor Realty Trust by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 19,266 shares of the real estate investment trust's stock valued at $267,000 after buying an additional 1,223 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Arbor Realty Trust by 12.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 11,810 shares of the real estate investment trust's stock valued at $164,000 after purchasing an additional 1,272 shares during the period. Moors & Cabot Inc. boosted its holdings in Arbor Realty Trust by 11.1% in the 1st quarter. Moors & Cabot Inc. now owns 15,000 shares of the real estate investment trust's stock valued at $176,000 after purchasing an additional 1,500 shares during the period. Dunhill Financial LLC bought a new stake in Arbor Realty Trust in the 4th quarter valued at $29,000. Finally, GAMMA Investing LLC boosted 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 valued at $39,000 after purchasing an additional 2,308 shares during the period. Institutional investors and hedge funds own 57.25% of the company's stock.

Arbor Realty Trust Price Performance

ABR traded down $0.31 during midday trading on Friday, hitting $11.61. The company had a trading volume of 3,034,673 shares, compared to its average volume of 2,907,353. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The company has a market capitalization of $2.23 billion, a PE ratio of 12.76 and a beta of 1.37. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.94. The firm's 50-day simple moving average is $11.13 and its 200-day simple moving average is $11.42.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 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 business had revenue of $27.44 million for the quarter, compared to analyst estimates of $76.99 million. Equities research analysts predict that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 annualized dividend and a yield of 10.3%. Arbor Realty Trust's dividend payout ratio (DPR) is presently 131.87%.

Insiders Place Their Bets

In other news, CEO Ivan Kaufman acquired 140,000 shares of Arbor Realty Trust stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average price of $9.43 per share, with a total value of $1,320,200.00. Following the purchase, the chief executive officer directly owned 1,929,816 shares of the company's stock, valued at $18,198,164.88. The trade was a 7.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have purchased 210,000 shares of company stock worth $1,942,000. 3.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ABR shares. JPMorgan Chase & Co. reduced their price target on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Keefe, Bruyette & Woods raised their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a report on Tuesday, August 5th.

About Arbor Realty Trust

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.