Bank of America Corp DE maintained its position in shares of Arbor Realty Trust (NYSE:ABR) during the first quarter, Holdings Channel reports. The fund owned 307,882 shares of the real estate investment trust’s stock at the end of the first quarter. Bank of America Corp DE’s holdings in Arbor Realty Trust were worth $2,580,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Orinda Asset Management LLC raised its position in shares of Arbor Realty Trust by 34.8% in the first quarter. Orinda Asset Management LLC now owns 250,000 shares of the real estate investment trust’s stock valued at $2,095,000 after buying an additional 64,598 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Arbor Realty Trust by 17.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 205,000 shares of the real estate investment trust’s stock valued at $1,718,000 after buying an additional 30,000 shares during the period. Wells Fargo & Company MN raised its position in shares of Arbor Realty Trust by 0.5% in the first quarter. Wells Fargo & Company MN now owns 37,547 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 171 shares during the period. LSV Asset Management bought a new position in shares of Arbor Realty Trust during the first quarter valued at approximately $289,000. Finally, Ameriprise Financial Inc. raised its position in shares of Arbor Realty Trust by 7.9% in the first quarter. Ameriprise Financial Inc. now owns 20,700 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,515 shares during the period. 37.24% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust (NYSE ABR) traded down 1.56% during midday trading on Thursday, reaching $8.18. 93,453 shares of the company’s stock traded hands. The stock has a market capitalization of $501.83 million, a price-to-earnings ratio of 7.49 and a beta of 0.69. The company’s 50-day moving average price is $8.29 and its 200 day moving average price is $8.11. Arbor Realty Trust has a 52 week low of $6.92 and a 52 week high of $8.99.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $34.47 million for the quarter. Arbor Realty Trust had a net margin of 54.47% and a return on equity of 10.47%. On average, equities research analysts expect that Arbor Realty Trust will post $1.10 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 16th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.66%. The ex-dividend date of this dividend is Monday, August 14th. Arbor Realty Trust’s payout ratio is presently 64.29%.

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Several equities analysts recently commented on ABR shares. Zacks Investment Research lowered shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.75 price target on shares of Arbor Realty Trust in a research report on Thursday, July 6th. Finally, BidaskClub lowered shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.

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Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

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