Signaturefd LLC Cuts Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Signaturefd LLC trimmed its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABRFree Report) by 39.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,311 shares of the real estate investment trust’s stock after selling 3,496 shares during the period. Signaturefd LLC’s holdings in Arbor Realty Trust were worth $83,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ABR. GAMMA Investing LLC boosted its position in Arbor Realty Trust by 75.5% during the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 688 shares during the period. Westside Investment Management Inc. bought a new position in shares of Arbor Realty Trust during the first quarter valued at about $27,000. PNC Financial Services Group Inc. raised its stake in shares of Arbor Realty Trust by 16.5% during 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 acquiring an additional 1,010 shares during the last quarter. Sfmg LLC bought a new position in shares of Arbor Realty Trust during the first quarter valued at about $133,000. Finally, AE Wealth Management LLC bought a new position in shares of Arbor Realty Trust during the second quarter valued at about $147,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Price Performance

Shares of ABR opened at $15.13 on Wednesday. The stock has a market cap of $2.85 billion, a PE ratio of 9.39 and a beta of 2.06. The company has a debt-to-equity ratio of 2.78, a quick ratio of 37.31 and a current ratio of 37.31. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $16.35. The firm’s 50-day simple moving average is $14.57 and its two-hundred day simple moving average is $13.93.

Arbor Realty Trust (NYSE:ABRGet Free Report) last announced its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $297.19 million for the quarter, compared to analysts’ expectations of $300.69 million. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. During the same quarter in the prior year, the company earned $0.56 earnings per share. Analysts anticipate that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date of this dividend was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

Analysts Set New Price Targets

ABR has been the subject of several recent analyst reports. Raymond James upped their price objective on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Piper Sandler upped their price objective on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods increased 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. Finally, JMP Securities increased their price target on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.25.

View Our Latest Research Report on Arbor Realty Trust

Arbor Realty Trust Profile

(Free Report)

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.

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

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