Axxcess Wealth Management LLC Raises Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Axxcess Wealth Management LLC lifted its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 14.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,580 shares of the real estate investment trust’s stock after acquiring an additional 1,620 shares during the period. Axxcess Wealth Management LLC’s holdings in Arbor Realty Trust were worth $174,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in Arbor Realty Trust in the fourth quarter valued at approximately $1,144,000. Nisa Investment Advisors LLC boosted its position in Arbor Realty Trust by 29.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock valued at $1,459,000 after buying an additional 23,987 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Arbor Realty Trust by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust’s stock valued at $17,428,000 after buying an additional 27,327 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Arbor Realty Trust by 52.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock valued at $4,535,000 after buying an additional 100,055 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its position in Arbor Realty Trust by 42.0% in the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock valued at $2,057,000 after buying an additional 39,072 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 0.8 %

Shares of ABR stock opened at $12.27 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 10.31 and a beta of 2.05. The stock has a 50 day simple moving average of $13.01 and a 200-day simple moving average of $14.03. Arbor Realty Trust, Inc. has a 1-year low of $11.43 and a 1-year high of $15.94.

Arbor Realty Trust (NYSE:ABR) last announced 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). 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, equities research analysts expect that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 14.02%. The ex-dividend date was Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is currently 144.54%.

Analysts Set New Price Targets

ABR has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Finally, Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Arbor Realty Trust has an average rating of “Hold” and an average price target of $13.75.

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.