Arbor Realty Trust $ABR Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Arbor Realty Trust by 30.3%, owning approximately 2.2 million shares valued at $25.83 million as of the latest SEC filing.
• Arbor Realty Trust reported earnings of $0.24 per share, missing analysts' estimates of $0.27, with revenues significantly lower than expected.
• The company announced a quarterly dividend of $0.30 to be paid on August 29, representing a dividend yield of 10.4%, though the payout ratio stands at 131.87%.

Invesco Ltd. grew its position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 30.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,198,079 shares of the real estate investment trust's stock after purchasing an additional 510,772 shares during the period. Invesco Ltd. owned 1.14% of Arbor Realty Trust worth $25,827,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Arbor Realty Trust during the 4th quarter worth about $15,967,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Arbor Realty Trust by 393.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,976 shares of the real estate investment trust's stock worth $9,129,000 after acquiring an additional 619,473 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of Arbor Realty Trust by 496.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 450,822 shares of the real estate investment trust's stock worth $6,244,000 after acquiring an additional 375,293 shares during the period. Northern Trust Corp lifted its holdings in shares of Arbor Realty Trust by 10.0% during the 4th quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock worth $33,690,000 after acquiring an additional 220,471 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Arbor Realty Trust during the 4th quarter worth about $2,191,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Down 0.7%

NYSE:ABR traded down $0.08 during trading hours on Monday, hitting $11.75. The stock had a trading volume of 2,089,153 shares, compared to its average volume of 2,732,028. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.94. The business has a 50 day simple moving average of $11.27 and a two-hundred day simple moving average of $11.30. The company has a market cap of $2.26 billion, a PE ratio of 12.91 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings data 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 net margin of 20.75% and a return on equity of 12.26%. The firm had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Analysts predict that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 annualized dividend and a yield of 10.2%. Arbor Realty Trust's dividend payout ratio (DPR) is 131.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities cut their price objective on shares of 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. JPMorgan Chase & Co. cut 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 report on Monday, May 5th. Zacks Research lowered shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods raised 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. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Arbor Realty Trust has a consensus rating of "Reduce" and a consensus target price of $12.63.

Arbor Realty Trust Company 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.