Nisa Investment Advisors LLC Cuts Stock Holdings in Arbor Realty Trust $ABR

Nisa Investment Advisors LLC lessened its holdings in Arbor Realty Trust (NYSE:ABR) by 42.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,889 shares of the real estate investment trust’s stock after selling 23,063 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arbor Realty Trust were worth $341,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC purchased a new position in Arbor Realty Trust in the second quarter valued at $447,944,000. Charles Schwab Investment Management Inc. increased its holdings in Arbor Realty Trust by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust’s stock valued at $29,952,000 after buying an additional 56,002 shares during the last quarter. Invesco Ltd. increased its holdings in Arbor Realty Trust by 30.3% in the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust’s stock valued at $25,827,000 after buying an additional 510,772 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Arbor Realty Trust by 7.5% in the first quarter. Raymond James Financial Inc. now owns 1,239,259 shares of the real estate investment trust’s stock valued at $14,561,000 after buying an additional 86,411 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Arbor Realty Trust by 2.7% in the first quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust’s stock valued at $11,032,000 after buying an additional 24,428 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $10.08 on Monday. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.76. The business’s 50-day moving average price is $11.83 and its 200 day moving average price is $11.20. The firm has a market cap of $1.94 billion, a P/E ratio of 11.07 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $27.44 million for the quarter, compared to analysts’ expectations of $76.99 million. On average, equities research analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.9%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 150.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ABR shares. JPMorgan Chase & Co. lifted their target price on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods lifted their target price on 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. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Piper Sandler lifted their target price on 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 cut their target price on 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 equities 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $12.00.

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.