Arbor Realty Trust $ABR Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in Arbor Realty Trust (NYSE:ABR) by 72.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 564,323 shares of the real estate investment trust’s stock after acquiring an additional 236,514 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.29% of Arbor Realty Trust worth $6,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC lifted its position in Arbor Realty Trust by 37.8% during the 2nd quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust’s stock worth $1,400,000 after acquiring an additional 35,918 shares during the period. Geode Capital Management LLC raised its stake in shares of Arbor Realty Trust by 3.0% during the second quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock worth $48,769,000 after purchasing an additional 131,747 shares during the last quarter. Melia Wealth LLC raised its stake in shares of Arbor Realty Trust by 14.5% during the second quarter. Melia Wealth LLC now owns 889,303 shares of the real estate investment trust’s stock worth $9,516,000 after purchasing an additional 112,763 shares during the last quarter. Strs Ohio acquired a new stake in shares of Arbor Realty Trust during the first quarter worth $404,000. Finally, Three Seasons Wealth LLC purchased a new position in Arbor Realty Trust in the 2nd quarter valued at $391,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Insider Activity at Arbor Realty Trust

In other news, CEO Ivan Kaufman acquired 29,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was acquired at an average price of $8.34 per share, with a total value of $241,860.00. Following the completion of the transaction, the chief executive officer directly owned 54,000 shares in the company, valued at approximately $450,360. This represents a 116.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler set a $10.00 target price on shares of Arbor Realty Trust and gave the stock an “underweight” rating in a research note on Monday, November 3rd. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price target on Arbor Realty Trust from $11.50 to $10.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Arbor Realty Trust presently has an average rating of “Reduce” and a consensus target price of $11.00.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $9.04 on Thursday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The business’s fifty day moving average price is $10.81 and its two-hundred day moving average price is $10.96. The stock has a market cap of $1.77 billion, a PE ratio of 9.93 and a beta of 1.38. Arbor Realty Trust has a one year low of $8.18 and a one year high of $15.05.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $162.49 million during the quarter, compared to analysts’ expectations of $72.26 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. On average, analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 13.3%. The ex-dividend date of this dividend was Friday, November 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 150.00%.

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.