Janus Henderson Group PLC Sells 42,114 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Janus Henderson Group PLC lowered its position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,363 shares of the real estate investment trust's stock after selling 42,114 shares during the period. Janus Henderson Group PLC owned 0.07% of Arbor Realty Trust worth $1,807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wasatch Advisors LP increased its stake in Arbor Realty Trust by 1.0% in 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 buying an additional 35,777 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Arbor Realty Trust during the fourth quarter valued at about $1,144,000. Nisa Investment Advisors LLC boosted its holdings in Arbor Realty Trust by 29.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust's stock worth $1,459,000 after buying an additional 23,987 shares during the period. Norges Bank bought a new position in shares of Arbor Realty Trust in the fourth quarter worth $8,419,000. Finally, Bank of New York Mellon Corp boosted its stake in Arbor Realty Trust by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust's stock worth $17,428,000 after purchasing an additional 27,327 shares during the period. Institutional investors own 57.25% of the company's stock.

Analyst Ratings Changes

ABR has been the topic of a number of analyst reports. Raymond James lowered shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a report on Monday, February 24th. 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 research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $11.75 to $11.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. Two 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 data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of "Hold" and an average target price of $13.20.

Arbor Realty Trust Price Performance

Shares of ABR stock traded down $0.03 during trading on Tuesday, hitting $9.46. The company had a trading volume of 950,385 shares, compared to its average volume of 3,274,997. The stock's 50-day moving average is $10.93 and its two-hundred day moving average is $12.69. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 7.95 and a beta of 1.50. Arbor Realty Trust, Inc. has a 52 week low of $8.43 and a 52 week high of $15.94.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $88.92 million. As a group, analysts predict that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 12.69%. Arbor Realty Trust's dividend payout ratio is currently 115.38%.

Insider Activity

In other news, CEO Ivan Kaufman bought 60,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of $8.70 per share, for a total transaction of $522,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,989,816 shares of the company's stock, valued at approximately $17,311,399.20. This trade represents a 3.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders purchased 210,000 shares of company stock valued at $1,942,000. Insiders own 3.70% of the company's stock.

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.