Farther Finance Advisors LLC Has $60,000 Holdings in Arbor Realty Trust $ABR

Farther Finance Advisors LLC cut its stake in shares of Arbor Realty Trust (NYSE:ABR) by 21.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,622 shares of the real estate investment trust’s stock after selling 1,547 shares during the period. Farther Finance Advisors LLC’s holdings in Arbor Realty Trust were worth $60,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of Arbor Realty Trust in the first quarter valued at approximately $250,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Arbor Realty Trust by 5.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 499,202 shares of the real estate investment trust’s stock valued at $5,866,000 after buying an additional 27,153 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Arbor Realty Trust by 223.0% in the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,308 shares in the last quarter. Strs Ohio acquired a new stake in shares of Arbor Realty Trust in the first quarter valued at approximately $404,000. Finally, Three Seasons Wealth LLC acquired a new stake in shares of Arbor Realty Trust in the second quarter valued at approximately $391,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Arbor Realty Trust Stock Performance

NYSE ABR opened at $12.47 on Monday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. Arbor Realty Trust has a fifty-two week low of $8.43 and a fifty-two week high of $15.76. The stock has a market cap of $2.40 billion, a PE ratio of 13.70 and a beta of 1.37. The firm’s fifty day moving average price is $11.81 and its two-hundred day moving average price is $11.15.

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

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 annualized dividend and a yield of 9.6%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 131.87%.

About Arbor Realty Trust

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.