Illinois Municipal Retirement Fund Acquires 8,206 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Illinois Municipal Retirement Fund grew its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 7.9% in the first quarter, Holdings Channel reports. The firm owned 112,520 shares of the real estate investment trust’s stock after buying an additional 8,206 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Arbor Realty Trust were worth $1,491,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ABR. Norges Bank bought a new stake in shares of Arbor Realty Trust in the fourth quarter worth $18,775,000. Azora Capital LP bought a new stake in shares of Arbor Realty Trust in the fourth quarter worth $14,932,000. Vanguard Group Inc. grew its holdings in shares of Arbor Realty Trust by 4.2% in the third quarter. Vanguard Group Inc. now owns 18,645,518 shares of the real estate investment trust’s stock worth $283,039,000 after acquiring an additional 743,221 shares during the period. Wasatch Advisors LP grew its holdings in shares of Arbor Realty Trust by 31.9% in the fourth quarter. Wasatch Advisors LP now owns 3,004,789 shares of the real estate investment trust’s stock worth $45,613,000 after acquiring an additional 726,685 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Arbor Realty Trust in the third quarter worth $6,220,000. Institutional investors own 57.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ABR shares. JPMorgan Chase & Co. cut their price objective on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Keefe, Bruyette & Woods lifted their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, July 10th. JMP Securities lowered their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 20th. Wedbush reiterated a “neutral” rating and set a $13.00 target price on shares of Arbor Realty Trust in a research report on Monday, May 6th. Finally, TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.67.

Arbor Realty Trust Price Performance

Shares of Arbor Realty Trust stock opened at $13.00 on Monday. The stock’s 50-day simple moving average is $13.95 and its 200-day simple moving average is $13.53. Arbor Realty Trust, Inc. has a 52 week low of $11.77 and a 52 week high of $17.74. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 8.01 and a beta of 2.03. The company has a quick ratio of 36.63, a current ratio of 36.63 and a debt-to-equity ratio of 3.14.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.43 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.72 annualized dividend and a dividend yield of 13.23%. Arbor Realty Trust’s payout ratio is 106.83%.

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.