Vanguard Group Inc. Has $144.37 Million Stake in Arbor Realty Trust $ABR

Vanguard Group Inc. lowered its stake in shares of Arbor Realty Trust (NYSE:ABR) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,604,512 shares of the real estate investment trust’s stock after selling 731,428 shares during the quarter. Vanguard Group Inc. owned about 9.51% of Arbor Realty Trust worth $144,371,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ABR. Smartleaf Asset Management LLC lifted its position in shares of Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,175 shares during the period. Bayforest Capital Ltd acquired a new stake in Arbor Realty Trust in the fourth quarter valued at about $39,000. Rothschild Investment LLC grew its position in Arbor Realty Trust by 1,264.6% in the third quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 3,035 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in Arbor Realty Trust by 52.2% during the third quarter. Atlantic Union Bankshares Corp now owns 3,805 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,305 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Arbor Realty Trust during the second quarter worth about $46,000. Institutional investors own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ABR. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings downgraded shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. Citizens Jmp dropped their price target on Arbor Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 2nd. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Keefe, Bruyette & Woods increased their price target on Arbor Realty Trust from $7.50 to $8.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Arbor Realty Trust has an average rating of “Reduce” and an average target price of $9.00.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $6.65 on Tuesday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 17.04 and a beta of 1.24. The company has a debt-to-equity ratio of 2.71, a quick ratio of 394.59 and a current ratio of 428.41. The stock has a fifty day moving average of $7.83 and a 200 day moving average of $8.27. Arbor Realty Trust has a 52-week low of $6.60 and a 52-week high of $12.57.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The business had revenue of $119.67 million for the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. On average, research analysts expect that Arbor Realty Trust will post 0.77 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.68 annualized dividend and a dividend yield of 10.2%. Arbor Realty Trust’s dividend payout ratio is currently 307.69%.

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.