Van ECK Associates Corp Increases Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Van ECK Associates Corp lifted its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 10.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 990,484 shares of the real estate investment trust’s stock after purchasing an additional 91,970 shares during the period. Van ECK Associates Corp owned approximately 0.53% of Arbor Realty Trust worth $14,213,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Arbor Realty Trust by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock valued at $286,612,000 after buying an additional 235,364 shares during the period. Wasatch Advisors LP increased its position in shares of Arbor Realty Trust by 16.2% in the 1st quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust’s stock valued at $46,245,000 after purchasing an additional 485,422 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $30,671,000 after purchasing an additional 96,367 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Arbor Realty Trust by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock worth $20,399,000 after purchasing an additional 43,165 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Arbor Realty Trust by 6.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock worth $17,724,000 after purchasing an additional 78,154 shares in the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $13.60 on Monday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.45 and a beta of 2.03. The firm’s fifty day simple moving average is $13.72 and its 200-day simple moving average is $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.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. The business had revenue of $297.19 million during the quarter, compared to analysts’ expectations of $300.69 million. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities analysts forecast that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.72 dividend on an annualized basis and a yield of 12.65%. Arbor Realty Trust’s payout ratio is 106.83%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ABR shares. Keefe, Bruyette & Woods lifted their price target on Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, July 10th. JMP Securities lowered their price target on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a report on Thursday, June 20th. Piper Sandler raised their price objective on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. Wedbush restated a “neutral” rating and issued a $13.00 target price on shares of Arbor Realty Trust in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.40.

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.