Nuveen LLC Purchases New Stake in Arbor Realty Trust $ABR

Key Points

• Nuveen LLC has acquired 455,277 shares of Arbor Realty Trust, valued at approximately $5.35 million, marking its new investment during the 1st quarter.
• Arbor Realty Trust recently reported an EPS of $0.24 for the quarter, falling short of the consensus estimate of $0.27, with a revenue of $27.44 million.
• The company declared a quarterly dividend of $0.30, set to be paid on August 29th, with a high dividend yield of 10.2%.

Nuveen LLC bought a new position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 455,277 shares of the real estate investment trust's stock, valued at approximately $5,350,000. Nuveen LLC owned approximately 0.24% of Arbor Realty Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ABR. Envestnet Asset Management Inc. bought a new stake in Arbor Realty Trust during the 4th quarter worth approximately $152,000. Renaissance Technologies LLC increased its stake in Arbor Realty Trust by 342.4% during the 4th quarter. Renaissance Technologies LLC now owns 115,645 shares of the real estate investment trust's stock worth $1,602,000 after purchasing an additional 89,505 shares in the last quarter. Mariner LLC increased its stake in Arbor Realty Trust by 4.6% during the 4th quarter. Mariner LLC now owns 53,244 shares of the real estate investment trust's stock worth $737,000 after purchasing an additional 2,348 shares in the last quarter. First Trust Advisors LP increased its stake in Arbor Realty Trust by 2.6% during the 4th quarter. First Trust Advisors LP now owns 222,626 shares of the real estate investment trust's stock worth $3,083,000 after purchasing an additional 5,559 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Arbor Realty Trust by 4.0% during the 4th quarter. MetLife Investment Management LLC now owns 110,466 shares of the real estate investment trust's stock worth $1,530,000 after purchasing an additional 4,276 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Stock Up 1.0%

Shares of NYSE ABR traded up $0.12 during trading hours on Friday, hitting $11.94. The company had a trading volume of 2,157,405 shares, compared to its average volume of 2,379,114. The stock has a market capitalization of $2.30 billion, a P/E ratio of 13.12 and a beta of 1.35. The company has a quick ratio of 38.37, a current 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 firm's 50 day moving average is $11.40 and its 200-day moving average is $11.25.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust's dividend payout ratio is 131.87%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ABR shares. Keefe, Bruyette & Woods upped 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 downgraded Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price target on 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, JMP Securities reduced their price target on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $12.63.

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.