Arbor Realty Trust, Inc. (NYSE:ABR) Shares Purchased by PFG Investments LLC

PFG Investments LLC raised its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,409 shares of the real estate investment trust’s stock after purchasing an additional 10,963 shares during the quarter. PFG Investments LLC owned about 0.12% of Arbor Realty Trust worth $3,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ABR. International Assets Investment Management LLC acquired a new position in Arbor Realty Trust in the fourth quarter valued at approximately $1,540,000. Victory Capital Management Inc. increased its position in shares of Arbor Realty Trust by 22.3% during the fourth quarter. Victory Capital Management Inc. now owns 37,439 shares of the real estate investment trust’s stock valued at $568,000 after acquiring an additional 6,836 shares during the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Arbor Realty Trust in the 4th quarter valued at approximately $218,000. National Bank of Canada FI purchased a new stake in shares of Arbor Realty Trust in the 4th quarter valued at approximately $58,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Arbor Realty Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,020,466 shares of the real estate investment trust’s stock worth $30,671,000 after acquiring an additional 96,367 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on ABR. Piper Sandler upped their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. decreased their target price on Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, July 16th. JMP Securities dropped their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research report on Thursday, June 20th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.40.

Arbor Realty Trust Trading Up 2.4 %

ABR opened at $13.40 on Monday. The business has a fifty day moving average price of $13.63 and a 200 day moving average price of $13.39. The company has a debt-to-equity ratio of 2.78, a current ratio of 37.31 and a quick ratio of 37.31. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 month high of $16.35. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 8.32 and a beta of 2.05.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $297.19 million during the quarter, compared to the consensus estimate of $300.69 million. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. During the same period in the previous year, the company posted $0.56 earnings per share. Sell-side analysts expect that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.84%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio is presently 106.83%.

Arbor Realty Trust Company Profile

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.