ProShare Advisors LLC Has $8.21 Million Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

ProShare Advisors LLC increased its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 592,948 shares of the real estate investment trust’s stock after purchasing an additional 35,080 shares during the period. ProShare Advisors LLC owned about 0.31% of Arbor Realty Trust worth $8,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new stake in shares of Arbor Realty Trust in the fourth quarter worth $29,000. Bernard Wealth Management Corp. purchased a new stake in Arbor Realty Trust in the 4th quarter worth about $36,000. Smartleaf Asset Management LLC boosted its position in Arbor Realty Trust by 280.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,934 shares during the period. Quarry LP grew its stake 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 valued at $49,000 after acquiring an additional 2,521 shares in the last quarter. Finally, Shakespeare Wealth Management LLC acquired a new position in shares of Arbor Realty Trust in the 4th quarter valued at about $59,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. 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 report on Monday, May 5th. Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating on the stock in a report on Tuesday, May 6th. Two equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.20.

Arbor Realty Trust Trading Down 2.5%

NYSE:ABR opened at $10.57 on Friday. The company has a market capitalization of $2.03 billion, a P/E ratio of 8.88 and a beta of 1.50. The stock’s 50 day moving average price is $11.26 and its 200 day moving average price is $12.93. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49. Arbor Realty Trust, Inc. has a 52 week low of $9.66 and a 52 week high of $15.94.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. On average, research analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.36%. 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.