QRG Capital Management Inc. Purchases 17,999 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

QRG Capital Management Inc. increased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 8.8% during the 4th quarter, HoldingsChannel reports. The fund owned 223,168 shares of the real estate investment trust’s stock after purchasing an additional 17,999 shares during the quarter. QRG Capital Management Inc.’s holdings in Arbor Realty Trust were worth $3,091,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in Arbor Realty Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,207,950 shares of the real estate investment trust’s stock valued at $112,156,000 after purchasing an additional 32,788 shares during the period. Geode Capital Management LLC raised its stake in shares of Arbor Realty Trust by 1.1% during the third quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock worth $66,905,000 after buying an additional 45,370 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Arbor Realty Trust by 29.4% in the third quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust’s stock valued at $54,637,000 after buying an additional 797,453 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Arbor Realty Trust by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,403,796 shares of the real estate investment trust’s stock valued at $37,403,000 after acquiring an additional 97,454 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Arbor Realty Trust by 2.2% during the 4th 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 period. Institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ABR shares. JPMorgan Chase & Co. cut their price target on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.75.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green acquired 5,269 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $14.17 per share, with a total value of $74,661.73. Following the transaction, the director now owns 178,797 shares of the company’s stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by insiders.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $12.38 on Friday. Arbor Realty Trust, Inc. has a 12 month low of $11.43 and a 12 month high of $15.94. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $2.35 billion, a PE ratio of 10.40 and a beta of 2.03. The stock’s fifty day simple moving average is $13.46 and its 200 day simple moving average is $14.15.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share 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 business had revenue of $262.87 million for the quarter, compared to the consensus estimate of $88.92 million. On average, research analysts predict that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 13.90%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 144.54%.

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.