HighTower Advisors LLC Sells 2,759 Shares of Arbor Realty Trust $ABR

HighTower Advisors LLC cut its holdings in Arbor Realty Trust (NYSE:ABR) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,725 shares of the real estate investment trust’s stock after selling 2,759 shares during the period. HighTower Advisors LLC’s holdings in Arbor Realty Trust were worth $302,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ABR. Dunhill Financial LLC bought a new stake in Arbor Realty Trust in the fourth quarter worth $29,000. Smallwood Wealth Investment Management LLC bought a new stake in Arbor Realty Trust in the first quarter worth $31,000. Bernard Wealth Management Corp. bought a new stake in Arbor Realty Trust in the fourth quarter worth $36,000. GAMMA Investing LLC boosted its holdings in Arbor Realty Trust by 223.0% in the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,308 shares in the last quarter. Finally, State of Wyoming bought a new stake in Arbor Realty Trust in the fourth quarter worth $97,000. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Stock Down 2.3%

NYSE ABR opened at $11.67 on Wednesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The firm has a 50-day simple moving average of $11.45 and a 200 day simple moving average of $11.24. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.94. The stock has a market cap of $2.24 billion, a PE ratio of 12.82 and a beta of 1.35.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $27.44 million during the quarter, compared to the consensus estimate of $76.99 million. On average, research analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Friday, August 15th. Arbor Realty Trust’s dividend payout ratio is 131.87%.

Analyst Ratings Changes

A number of research firms have issued reports on ABR. Zacks Research cut shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 13th. JMP Securities decreased their price target on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a “market perform” rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $12.63.

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.