Mercer Global Advisors Inc. ADV Invests $2.19 Million in Arbor Realty Trust, Inc. (NYSE:ABR)

Mercer Global Advisors Inc. ADV bought a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 158,191 shares of the real estate investment trust's stock, valued at approximately $2,191,000. Mercer Global Advisors Inc. ADV owned approximately 0.08% of Arbor Realty Trust at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ABR. Wasatch Advisors LP boosted its position in shares of Arbor Realty Trust by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust's stock worth $49,128,000 after acquiring an additional 35,777 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Arbor Realty Trust by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,493,105 shares of the real estate investment trust's stock valued at $34,530,000 after purchasing an additional 89,309 shares in the last quarter. Northern Trust Corp increased its stake in Arbor Realty Trust by 10.0% in the fourth quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock valued at $33,690,000 after purchasing an additional 220,471 shares during the last quarter. Invesco Ltd. raised its holdings in Arbor Realty Trust by 90.2% during the fourth quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock worth $23,369,000 after purchasing an additional 799,973 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Arbor Realty Trust by 2.2% during 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 buying an additional 27,327 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ABR shares. JPMorgan Chase & Co. dropped their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods cut their target price 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. Finally, Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.20.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $10.45 on Thursday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 8.78 and a beta of 1.50. The business's 50 day moving average is $11.48 and its two-hundred day moving average is $13.17. Arbor Realty Trust, Inc. has a 12-month low of $9.66 and a 12-month high of $15.94. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41.

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 return on equity of 14.75% and a net margin of 22.66%. The business had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. Research analysts expect that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.49%. Arbor Realty Trust's payout ratio is currently 115.38%.

Arbor Realty Trust 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.

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