Connor Clark & Lunn Investment Management Ltd. Invests $2.18 Million in Arbor Realty Trust, Inc. (NYSE:ABR)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Arbor Realty Trust, Inc. (NYSE:ABR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 157,503 shares of the real estate investment trust’s stock, valued at approximately $2,181,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Arbor Realty Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp raised its position in Arbor Realty Trust by 0.5% in 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Arbor Realty Trust by 1.1% in the third quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock valued at $66,905,000 after buying an additional 45,370 shares during the last quarter. Wasatch Advisors LP lifted its position in Arbor Realty Trust by 29.4% during the 3rd quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust’s stock worth $54,637,000 after buying an additional 797,453 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Arbor Realty Trust by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,493,105 shares of the real estate investment trust’s stock worth $34,530,000 after acquiring an additional 89,309 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Arbor Realty Trust by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust’s stock valued at $17,428,000 after acquiring an additional 27,327 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $12.29 on Wednesday. The firm’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $14.06. 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 stock has a market cap of $2.33 billion, a PE ratio of 10.32 and a beta of 2.05.

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 (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, analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

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 paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.00%. 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.