Kendall Capital Management Sells 3,645 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Kendall Capital Management reduced its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,640 shares of the real estate investment trust’s stock after selling 3,645 shares during the period. Kendall Capital Management’s holdings in Arbor Realty Trust were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Arbor Realty Trust by 280.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,934 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 701 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Arbor Realty Trust by 82.3% during the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 2,000 shares during the last quarter. KBC Group NV grew its holdings in shares of Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,796 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Arbor Realty Trust during the third quarter valued at about $102,000. 57.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ABR shares. JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Finally, Raymond James cut shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Hold” and an average target price of $13.75.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $12.27 on Monday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 10.31 and a beta of 2.05. 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, Inc. has a 52 week low of $11.43 and a 52 week high of $15.94. The firm’s 50-day simple moving average is $13.29 and its two-hundred day simple moving average is $14.12.

Arbor Realty Trust (NYSE:ABR) last announced 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 company had revenue of $262.87 million during 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, equities analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 14.02%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is 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.