ProShare Advisors LLC Has $8.21 Million Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

ProShare Advisors LLC increased its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 592,948 shares of the real estate investment trust’s stock after acquiring an additional 35,080 shares during the quarter. ProShare Advisors LLC’s holdings in Arbor Realty Trust were worth $8,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP increased its stake in shares of Arbor Realty Trust by 1.0% in the fourth quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust’s stock worth $49,128,000 after purchasing an additional 35,777 shares during the period. Janney Montgomery Scott LLC bought a new position in Arbor Realty Trust in the 4th quarter worth approximately $1,144,000. Nisa Investment Advisors LLC lifted its holdings 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 buying an additional 23,987 shares during the last quarter. Norges Bank bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at approximately $8,419,000. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 worth $17,428,000 after acquiring an additional 27,327 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 2.5%

ABR stock opened at $10.57 on Friday. Arbor Realty Trust, Inc. has a 1-year low of $9.66 and a 1-year high of $15.94. The firm has a market cap of $2.03 billion, a P/E ratio of 8.88 and a beta of 1.50. The business’s 50 day moving average is $11.26 and its 200-day moving average is $12.93. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results 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). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. The company had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Equities analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.36%. Arbor Realty Trust’s payout ratio is 115.38%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ABR shares. Keefe, Bruyette & Woods reduced their price target on shares of Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating for the company in a report on Tuesday, May 6th. Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their target price on Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.20.

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.