Northern Trust Corp Has $27.12 Million Stock Position in Arbor Realty Trust $ABR

Northern Trust Corp reduced its position in Arbor Realty Trust (NYSE:ABR) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,307,661 shares of the real estate investment trust’s stock after selling 124,848 shares during the period. Northern Trust Corp owned about 1.20% of Arbor Realty Trust worth $27,115,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Dunhill Financial LLC acquired a new stake in Arbor Realty Trust in the 4th quarter valued at about $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in Arbor Realty Trust in the 1st quarter valued at about $31,000. Bernard Wealth Management Corp. acquired a new stake in Arbor Realty Trust in the 4th quarter valued at about $36,000. GAMMA Investing LLC lifted its stake in Arbor Realty Trust by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,308 shares during the last quarter. Finally, Quarry LP lifted its stake in Arbor Realty Trust by 249.6% in the 4th quarter. Quarry LP now owns 3,531 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 2,521 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. cut their price objective on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. Keefe, Bruyette & Woods raised their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock a “market perform” rating in a research report on Tuesday, August 5th. Finally, JMP Securities cut their price objective on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $12.63.

Arbor Realty Trust Stock Up 1.0%

NYSE ABR opened at $11.94 on Friday. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.94. The company has a 50 day moving average of $11.40 and a 200-day moving average of $11.27. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 13.12 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The business had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. On average, equities research analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust’s payout ratio is presently 131.87%.

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.