Northern Trust Corp Grows Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Northern Trust Corp raised its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,432,509 shares of the real estate investment trust’s stock after acquiring an additional 220,471 shares during the period. Northern Trust Corp’s holdings in Arbor Realty Trust were worth $33,690,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Arbor Realty Trust during the fourth quarter worth approximately $15,967,000. Invesco Ltd. raised its position in Arbor Realty Trust by 90.2% during the 4th quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust’s stock worth $23,369,000 after buying an additional 799,973 shares during the last quarter. Norges Bank acquired a new stake in shares of Arbor Realty Trust in the 4th quarter worth $8,419,000. Tudor Investment Corp ET AL boosted its holdings in shares of Arbor Realty Trust by 496.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 450,822 shares of the real estate investment trust’s stock valued at $6,244,000 after acquiring an additional 375,293 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Arbor Realty Trust during the fourth quarter worth about $2,287,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ABR shares. Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating on the stock in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods reduced their target price on Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating for the company in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.20.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $10.36 on Friday. Arbor Realty Trust, Inc. has a 12 month low of $9.66 and a 12 month high of $15.94. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.71 and a beta of 1.50. The business’s 50 day simple moving average is $11.41 and its 200-day simple moving average is $13.08. 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 (NYSE:ABR) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. The firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. As a group, equities analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.58%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 115.38%.

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.