KLP Kapitalforvaltning AS Has $739,000 Stock Position in Arbor Realty Trust $ABR

KLP Kapitalforvaltning AS boosted its position in Arbor Realty Trust (NYSE:ABR) by 22.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,068 shares of the real estate investment trust’s stock after buying an additional 12,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Arbor Realty Trust were worth $739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. OLD National Bancorp IN grew its position in Arbor Realty Trust by 99.8% in the 2nd quarter. OLD National Bancorp IN now owns 21,012 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 10,496 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Arbor Realty Trust during the 2nd quarter valued at about $32,000. Signaturefd LLC lifted its holdings in Arbor Realty Trust by 40.8% during the 2nd quarter. Signaturefd LLC now owns 8,677 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 2,513 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Arbor Realty Trust by 9.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 114,372 shares of the real estate investment trust’s stock valued at $1,223,000 after purchasing an additional 9,866 shares during the last quarter. Finally, Palumbo Wealth Management LLC lifted its holdings in Arbor Realty Trust by 40.2% during the 2nd quarter. Palumbo Wealth Management LLC now owns 20,960 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 6,010 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ABR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arbor Realty Trust in a research note on Tuesday. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $11.50 to $12.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Piper Sandler upped their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. Finally, JMP Securities dropped their price objective on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $11.63.

Arbor Realty Trust Trading Up 0.1%

ABR opened at $11.89 on Friday. The company’s 50 day moving average is $11.86 and its 200-day moving average is $11.15. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.76. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The company has a market cap of $2.29 billion, a P/E ratio of 13.07 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR) last posted 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). 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 for the quarter, compared to analyst estimates of $76.99 million. Equities research analysts predict that Arbor Realty Trust will post 1.65 earnings per share 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 10.1%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 131.87%.

Arbor Realty Trust 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.