State of Alaska Department of Revenue Has $1.22 Million Stake in Arbor Realty Trust $ABR

State of Alaska Department of Revenue lifted its position in Arbor Realty Trust (NYSE:ABR) by 9.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,372 shares of the real estate investment trust’s stock after purchasing an additional 9,866 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Arbor Realty Trust worth $1,223,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new position in Arbor Realty Trust during the first quarter worth $31,000. GAMMA Investing LLC raised its stake in Arbor Realty Trust by 223.0% during the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,308 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Arbor Realty Trust by 25,163.2% during the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 4,781 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Arbor Realty Trust during the first quarter worth $65,000. Finally, Financial Network Wealth Advisors LLC acquired a new position in Arbor Realty Trust during the first quarter worth $88,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Up 0.3%

ABR stock opened at $12.47 on Friday. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The business has a 50 day moving average price of $11.81 and a two-hundred day moving average price of $11.16. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 13.70 and a beta of 1.37. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.76.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The business had revenue of $27.44 million for the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. Analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust’s payout ratio is 131.87%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on Arbor Realty Trust from $11.00 to $11.50 and gave the stock a “market perform” rating in a report on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arbor Realty Trust in a report on Saturday, September 27th. JMP Securities reduced their target price on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 19th. Finally, Zacks Research cut Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $11.50.

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.