Raymond James Financial Inc. Takes Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Raymond James Financial Inc. purchased a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,152,848 shares of the real estate investment trust's stock, valued at approximately $15,967,000. Raymond James Financial Inc. owned approximately 0.61% of Arbor Realty Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ABR. CIBC Asset Management Inc increased its position in Arbor Realty Trust by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust's stock valued at $259,000 after buying an additional 774 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Arbor Realty Trust by 5.0% during the fourth quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust's stock worth $232,000 after acquiring an additional 797 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Arbor Realty Trust by 10.0% during the fourth quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust's stock valued at $126,000 after acquiring an additional 825 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Arbor Realty Trust by 0.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust's stock valued at $2,126,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Xponance Inc. grew its position in Arbor Realty Trust by 10.0% during the 4th quarter. Xponance Inc. now owns 13,288 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 1,209 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company's stock.

Wall Street Analyst Weigh In

ABR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $11.50 to $10.50 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Raymond James lowered Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods dropped their price target on Arbor Realty Trust from $12.00 to $11.75 and set a "market perform" rating on the stock in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Arbor Realty Trust has a consensus rating of "Hold" and an average target price of $13.38.

Arbor Realty Trust Stock Performance

NYSE:ABR traded up $0.15 during mid-day trading on Friday, hitting $11.32. The company's stock had a trading volume of 2,408,290 shares, compared to its average volume of 3,295,964. The business's fifty day moving average is $11.73 and its two-hundred day moving average is $13.40. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 9.51 and a beta of 1.66. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. Arbor Realty Trust, Inc. has a 1 year low of $9.66 and a 1 year high of $15.94.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The company had revenue of $262.87 million during the quarter, compared to analysts' expectations of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. Analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 15.19%. The ex-dividend date was Friday, March 7th. Arbor Realty Trust's dividend payout ratio (DPR) is 144.54%.

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.