Azora Capital LP Makes New $7.90 Million Investment in Arbor Realty Trust $ABR

Azora Capital LP purchased a new stake in Arbor Realty Trust (NYSE:ABR) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 646,728 shares of the real estate investment trust’s stock, valued at approximately $7,897,000. Azora Capital LP owned about 0.33% of Arbor Realty Trust as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in shares of Arbor Realty Trust in the 2nd quarter worth $26,358,000. Balyasny Asset Management L.P. purchased a new stake in Arbor Realty Trust during the second quarter valued at about $21,534,000. Bank of America Corp DE grew its position in Arbor Realty Trust by 227.2% during the third quarter. Bank of America Corp DE now owns 498,940 shares of the real estate investment trust’s stock valued at $6,092,000 after acquiring an additional 346,441 shares during the period. Barclays PLC increased its stake in Arbor Realty Trust by 66.2% during the third quarter. Barclays PLC now owns 808,748 shares of the real estate investment trust’s stock worth $9,875,000 after acquiring an additional 321,997 shares during the last quarter. Finally, FJ Capital Management LLC acquired a new stake in Arbor Realty Trust during the third quarter worth about $3,280,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ABR. Wall Street Zen raised Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings downgraded shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. JPMorgan Chase & Co. reduced their price target on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, December 4th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Reduce” and a consensus target price of $9.50.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $7.67 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 394.59 and a quick ratio of 394.59. Arbor Realty Trust has a 1-year low of $7.11 and a 1-year high of $12.57. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.95 and a beta of 1.36. The business has a 50-day moving average of $7.85 and a 200-day moving average of $9.44.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 15.6%. The ex-dividend date is Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio is currently 218.18%.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.