Invesco Ltd. Purchases 799,973 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Invesco Ltd. raised its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 90.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,687,307 shares of the real estate investment trust’s stock after acquiring an additional 799,973 shares during the quarter. Invesco Ltd. owned about 0.89% of Arbor Realty Trust worth $23,369,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new stake in Arbor Realty Trust in the 4th quarter valued at about $1,144,000. Nisa Investment Advisors LLC raised its position in shares of 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 purchasing an additional 23,987 shares during the period. Norges Bank acquired a new position in shares of Arbor Realty Trust during the fourth quarter worth approximately $8,419,000. Bank of New York Mellon Corp grew its position in Arbor Realty Trust by 2.2% in the 4th 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 period. Finally, EMC Capital Management increased its stake in Arbor Realty Trust by 23,453.8% during the 4th quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 18,763 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Up 2.7 %

ABR stock opened at $11.03 on Friday. Arbor Realty Trust, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $15.94. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 9.26 and a beta of 1.66. The business’s 50 day moving average price is $11.98 and its two-hundred day moving average price is $13.53. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 EPS 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 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, analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.72 annualized dividend and a yield of 15.60%. Arbor Realty Trust’s dividend payout ratio is 144.54%.

Analysts Set New Price Targets

ABR has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $12.00 to $11.75 and set a “market perform” rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on Arbor Realty Trust from $11.50 to $10.50 and set an “underweight” rating for the company in a report on Wednesday. Finally, Raymond James cut Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Two equities 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. According to MarketBeat, Arbor Realty Trust has an average rating of “Hold” and an average target price of $13.38.

Arbor Realty Trust 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.