Sage Investment Counsel LLC Acquires New Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Sage Investment Counsel LLC purchased a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 37,100 shares of the real estate investment trust’s stock, valued at approximately $514,000.

A number of other large investors have also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its position in Arbor Realty Trust by 8.8% during the 4th quarter. QRG Capital Management Inc. now owns 223,168 shares of the real estate investment trust’s stock worth $3,091,000 after acquiring an additional 17,999 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Arbor Realty Trust by 3.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 102,744 shares of the real estate investment trust’s stock worth $1,423,000 after acquiring an additional 3,882 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 last quarter. IFP Advisors Inc boosted its position in Arbor Realty Trust by 82.3% during the 4th quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Colonial River Investments LLC boosted its position in Arbor Realty Trust by 14.8% during the 4th quarter. Colonial River Investments LLC now owns 12,580 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 1,620 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the purchase, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Arbor Realty Trust Trading Up 2.2 %

NYSE ABR opened at $12.38 on Friday. The company has a market cap of $2.35 billion, a PE ratio of 10.40 and a beta of 2.03. 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, Inc. has a 12 month low of $11.43 and a 12 month high of $15.94. The stock has a 50 day moving average of $13.46 and a 200-day moving average of $14.15.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $88.92 million. On average, equities research analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a 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%.

Wall Street Analyst Weigh In

ABR has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price target 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 cut their price objective on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.75.

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.