Nuveen LLC Buys 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 acquired a new stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 455,277 shares of the real estate investment trust's stock, valued at approximately $5,350,000. Nuveen LLC owned 0.24% of Arbor Realty Trust as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC increased its holdings in Arbor Realty Trust by 57.1% during the first quarter. Virtu Financial LLC now owns 44,398 shares of the real estate investment trust's stock valued at $522,000 after buying an additional 16,144 shares during the period. Invesco Ltd. increased its holdings in Arbor Realty Trust by 30.3% during 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 buying an additional 510,772 shares during the period. Covestor Ltd increased its holdings in Arbor Realty Trust by 14.7% during the first quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust's stock valued at $105,000 after buying an additional 1,146 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Arbor Realty Trust by 393.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,976 shares of the real estate investment trust's stock valued at $9,129,000 after buying an additional 619,473 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 56,002 shares during the period. 57.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ABR. 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. JMP Securities cut their price target 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. Finally, Keefe, Bruyette & Woods lifted their price target 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. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Arbor Realty Trust currently has an average rating of "Reduce" and an average target price of $12.63.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded up $0.00 on Thursday, hitting $11.82. 1,922,174 shares of the company were exchanged, compared to its average volume of 2,684,453. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.94. The stock's 50 day moving average price is $11.36 and its 200 day moving average price is $11.29. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $2.27 billion, a P/E ratio of 12.99 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted 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). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The company had revenue of $27.44 million for the quarter, compared to analyst estimates of $76.99 million. Sell-side analysts predict that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

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

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.