Axxcess Wealth Management LLC Increases Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Axxcess Wealth Management LLC boosted its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in shares of Arbor Realty Trust in the fourth quarter valued at $1,144,000. Nisa Investment Advisors LLC boosted its stake in Arbor Realty Trust by 29.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock worth $1,459,000 after buying an additional 23,987 shares during the period. Bank of New York Mellon Corp boosted its stake in Arbor Realty Trust by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust’s stock worth $17,428,000 after buying an additional 27,327 shares during the period. 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 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 worth $4,535,000 after purchasing an additional 100,055 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its position in shares of Arbor Realty Trust by 42.0% during the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 39,072 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ABR shares. JPMorgan Chase & Co. decreased their target price on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. Finally, Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $13.75.

Arbor Realty Trust Stock Performance

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 business has a 50-day moving average price of $13.01 and a 200 day moving average price of $14.03. The company has a market capitalization of $2.32 billion, a P/E ratio of 10.31 and a beta of 2.05. 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 EPS 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 the consensus estimate of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. As a group, equities research analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

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

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.