Arbor Realty Trust Inc (NYSE:ABR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. “

Separately, JMP Securities upped their price target on shares of Arbor Realty Trust from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Monday, March 6th.

Arbor Realty Trust (NYSE:ABR) traded down 0.87% during mid-day trading on Tuesday, hitting $7.95. 1,155,614 shares of the stock traded hands. The firm’s 50-day moving average price is $8.52 and its 200-day moving average price is $7.74. Arbor Realty Trust has a 52 week low of $6.62 and a 52 week high of $8.99. The firm has a market cap of $408.64 million, a P/E ratio of 9.58 and a beta of 0.58.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, May 5th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.11. Arbor Realty Trust had a net margin of 31.49% and a return on equity of 6.76%. The firm had revenue of $33.53 million during the quarter. On average, equities analysts forecast that Arbor Realty Trust will post $0.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, May 15th. This is a boost from Arbor Realty Trust’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 9.06%. Arbor Realty Trust’s dividend payout ratio is 120.75%.

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Several large investors have recently bought and sold shares of ABR. Renaissance Technologies LLC boosted its stake in Arbor Realty Trust by 69.2% in the fourth quarter. Renaissance Technologies LLC now owns 605,000 shares of the real estate investment trust’s stock valued at $4,513,000 after buying an additional 247,500 shares during the period. Chartwell Investment Partners LLC bought a new position in shares of Arbor Realty Trust during the first quarter valued at about $1,566,000. Clough Capital Partners L P raised its position in shares of Arbor Realty Trust by 691.7% in the first quarter. Clough Capital Partners L P now owns 172,300 shares of the real estate investment trust’s stock valued at $1,444,000 after buying an additional 150,537 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Arbor Realty Trust by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,782,851 shares of the real estate investment trust’s stock valued at $14,941,000 after buying an additional 75,099 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Arbor Realty Trust during the fourth quarter valued at about $549,000. Institutional investors own 39.91% of the company’s stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.

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