AE Wealth Management LLC Buys Shares of 10,218 Arbor Realty Trust, Inc. (NYSE:ABR)

AE Wealth Management LLC purchased a new stake in Arbor Realty Trust, Inc. (NYSE:ABR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,218 shares of the real estate investment trust’s stock, valued at approximately $147,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. purchased a new position in Arbor Realty Trust in the first quarter worth approximately $27,000. ICA Group Wealth Management LLC acquired a new stake in shares of Arbor Realty Trust during the 4th quarter worth about $35,000. Scarborough Advisors LLC purchased a new stake in Arbor Realty Trust in the 4th quarter valued at about $38,000. PNC Financial Services Group Inc. lifted its position in Arbor Realty Trust by 16.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 1,010 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Arbor Realty Trust by 20.6% during the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,504 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 1.0 %

ABR opened at $15.66 on Friday. The business has a fifty day moving average price of $13.78 and a 200 day moving average price of $13.57. 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 $2.95 billion, a price-to-earnings ratio of 9.73 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. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. The business had revenue of $297.19 million during the quarter, compared to the consensus estimate of $300.69 million. 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. Stockholders of record on Friday, August 16th were issued a $0.43 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.98%. Arbor Realty Trust’s payout ratio is 106.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ABR shares. JPMorgan Chase & Co. reduced 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. JMP Securities boosted their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research report on Friday. Raymond James raised their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Piper Sandler boosted their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Finally, Keefe, Bruyette & Woods raised their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.92.

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.