Arbor Realty Trust $ABR Shares Sold by Cooperman Leon G

Key Points

• Cooperman Leon G reduced its holdings in Arbor Realty Trust by 17.4%, lowering its ownership to 2,000,000 shares valued at approximately $23.5 million.
• Analysts have recently downgraded Arbor Realty Trust, with JPMorgan Chase & Co. lowering their target price from $10.50 to $10.00 and Zacks Research giving a "strong sell" rating.
• The company reported earnings of $0.24 per share for the most recent quarter, missing estimates, and declared a quarterly dividend of $0.30, representing an annualized yield of 10.1%.

Cooperman Leon G reduced its position in Arbor Realty Trust (NYSE:ABR - Free Report) by 17.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,000,000 shares of the real estate investment trust's stock after selling 421,194 shares during the period. Arbor Realty Trust accounts for about 0.9% of Cooperman Leon G's portfolio, making the stock its 26th largest position. Cooperman Leon G owned approximately 1.04% of Arbor Realty Trust worth $23,500,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Arbor Realty Trust by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust's stock valued at $29,952,000 after purchasing an additional 56,002 shares during the period. Northern Trust Corp raised 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 buying an additional 220,471 shares during the last quarter. Invesco Ltd. grew its position in shares of Arbor Realty Trust by 30.3% in the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock valued at $25,827,000 after purchasing an additional 510,772 shares in the last quarter. Raymond James Financial Inc. lifted its position in Arbor Realty Trust by 7.5% during the first quarter. Raymond James Financial Inc. now owns 1,239,259 shares of the real estate investment trust's stock worth $14,561,000 after buying an additional 86,411 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Arbor Realty Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust's stock valued at $11,032,000 after buying an additional 24,428 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.

Wall Street Analysts Forecast Growth

ABR has been the subject of a number of analyst reports. Zacks Research lowered shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. JMP Securities cut their price target on shares of Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods increased their price objective 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. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $12.63.

Arbor Realty Trust Trading Up 2.5%

Shares of ABR stock traded up $0.29 on Friday, hitting $12.16. The stock had a trading volume of 2,802,850 shares, compared to its average volume of 2,225,036. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. The firm has a market capitalization of $2.34 billion, a P/E ratio of 13.37 and a beta of 1.35. The company's 50 day moving average price is $11.54 and its 200-day moving average price is $11.22. Arbor Realty Trust has a 1 year low of $8.43 and a 1 year high of $15.94.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its earnings results 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). The business had revenue of $27.44 million for the quarter, compared to analysts' expectations of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. Analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust's dividend payout ratio 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.