TrueMark Investments LLC Sells 166,695 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

TrueMark Investments LLC reduced its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 54.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,085 shares of the real estate investment trust’s stock after selling 166,695 shares during the period. TrueMark Investments LLC owned 0.08% of Arbor Realty Trust worth $1,968,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Arbor Realty Trust by 280.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,934 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 701 shares during the period. IFP Advisors Inc grew its position in shares of 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 buying an additional 2,000 shares in the last quarter. Signaturefd LLC increased its stake in shares of Arbor Realty Trust by 28.9% during the fourth quarter. Signaturefd LLC now owns 6,848 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 1,537 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $104,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods dropped their target price 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. JPMorgan Chase & Co. dropped their target price on 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. Finally, Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, February 24th. 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.75.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $12.10 on Wednesday. The company has a 50 day moving average price of $12.97 and a 200 day moving average price of $14.02. The firm has a market capitalization of $2.29 billion, a P/E ratio of 10.17 and a beta of 2.05. Arbor Realty Trust, Inc. has a 52 week low of $11.43 and a 52 week high of $15.94. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41.

Arbor Realty Trust (NYSE:ABR) last released its 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 firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. Sell-side analysts expect 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 was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 14.21%. The ex-dividend date was Friday, March 7th. Arbor Realty Trust’s payout ratio 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.