Norges Bank Makes New Investment in Arbor Realty Trust, Inc. (NYSE:ABR)

Norges Bank acquired a new stake in Arbor Realty Trust, Inc. (NYSE:ABR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 607,883 shares of the real estate investment trust’s stock, valued at approximately $8,419,000. Norges Bank owned 0.32% of Arbor Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in shares of Arbor Realty Trust in the 4th quarter valued at $1,144,000. Nisa Investment Advisors LLC boosted its holdings 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 purchasing an additional 23,987 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 purchasing an additional 27,327 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arbor Realty Trust by 52.3% during the 3rd 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 worth $4,535,000 after buying an additional 100,055 shares during the last quarter. Finally, EMC Capital Management grew its position in shares of Arbor Realty Trust by 23,453.8% in the 4th quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 18,763 shares during the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Trading Down 3.7 %

Shares of ABR stock opened at $10.15 on Wednesday. The company has a market capitalization of $1.92 billion, a P/E ratio of 8.53 and a beta of 1.66. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average is $12.49 and its two-hundred day moving average is $13.80. Arbor Realty Trust, Inc. has a twelve month low of $10.00 and a twelve month 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $262.87 million during the quarter, compared to analysts’ expectations of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. Equities analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, March 7th. This represents a $1.72 annualized dividend and a yield of 16.95%. Arbor Realty Trust’s dividend payout ratio is currently 144.54%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. 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. reduced their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $12.00 to $11.75 and set a “market perform” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.71.

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.