Arbor Realty Trust, Inc. (NYSE:ABR) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,744 shares of the real estate investment trust’s stock after buying an additional 3,882 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Arbor Realty Trust worth $1,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABR. Harbor Capital Advisors Inc. bought a new stake in Arbor Realty Trust during the third quarter worth approximately $38,000. Glenmede Trust Co. NA raised its holdings in Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 701 shares in the last quarter. IFP Advisors Inc raised its holdings in Arbor Realty Trust by 82.3% during the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 2,000 shares in the last quarter. KBC Group NV raised its holdings in Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Arbor Realty Trust during the third quarter worth approximately $102,000. Institutional investors own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ABR shares. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Finally, Raymond James cut Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Two 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 company’s stock. According to MarketBeat.com, Arbor Realty Trust has an average rating of “Hold” and a consensus target price of $13.75.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of $14.17 per share, with a total value of $74,661.73. Following the completion of the transaction, the director now owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

Arbor Realty Trust Stock Performance

Shares of ABR opened at $12.38 on Friday. The company has a 50-day moving average of $13.46 and a two-hundred day moving average of $14.15. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 10.40 and a beta of 2.03. 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 one year low of $11.43 and a one year high of $15.94.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data 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). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. On average, equities research analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.90%. Arbor Realty Trust’s dividend payout ratio is 144.54%.

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.