Raymond James Financial Inc. Has $14.56 Million Stock Position in Arbor Realty Trust $ABR

Key Points

• Raymond James Financial Inc. increased its stake in Arbor Realty Trust by 7.5%, acquiring an additional 86,411 shares, bringing its total holdings to 1,239,259 shares worth approximately $14.56 million.
• Arbor Realty Trust announced a quarterly dividend of $0.30 per share, representing a 10.1% yield, with a dividend payout ratio of 131.87%.
• Recent earnings reports showed that Arbor Realty Trust missed consensus EPS estimates, reporting $0.24 compared to the expected $0.27, while analysts have mixed ratings with an average target price of $12.63.

Raymond James Financial Inc. increased its stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,239,259 shares of the real estate investment trust's stock after buying an additional 86,411 shares during the period. Raymond James Financial Inc. owned 0.64% of Arbor Realty Trust worth $14,561,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ABR. Dunhill Financial LLC bought a new position in Arbor Realty Trust during the 4th quarter worth approximately $29,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Arbor Realty Trust in the 1st quarter valued at $31,000. Bernard Wealth Management Corp. bought a new stake in shares of Arbor Realty Trust in the 4th quarter valued at $36,000. GAMMA Investing LLC raised its holdings in Arbor Realty Trust by 223.0% during the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust's stock worth $39,000 after buying an additional 2,308 shares during the period. Finally, Quarry LP raised its holdings in Arbor Realty Trust by 249.6% during the 4th quarter. Quarry LP now owns 3,531 shares of the real estate investment trust's stock worth $49,000 after buying an additional 2,521 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on ABR shares. JMP Securities dropped their target price 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. decreased 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 note on Monday, May 5th. Zacks Research cut shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note 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 stock a "market perform" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $12.63.

Arbor Realty Trust Stock Down 2.7%

Shares of NYSE:ABR traded down $0.33 during midday trading on Tuesday, hitting $11.62. The stock had a trading volume of 1,676,108 shares, compared to its average volume of 3,408,357. Arbor Realty Trust has a 12 month low of $8.43 and a 12 month high of $15.94. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The business's 50-day simple moving average is $11.43 and its 200-day simple moving average is $11.24. The company has a market cap of $2.23 billion, a P/E ratio of 12.77 and a beta of 1.35.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $27.44 million for the quarter, compared to analyst estimates of $76.99 million. On average, sell-side analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 annualized dividend and a yield of 10.3%. Arbor Realty Trust's dividend payout ratio (DPR) is currently 131.87%.

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.