Arbor Realty Trust $ABR Holdings Boosted by WMG Financial Advisors LLC

WMG Financial Advisors LLC boosted its position in shares of Arbor Realty Trust (NYSE:ABR) by 59.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 57,800 shares of the real estate investment trust’s stock after buying an additional 21,600 shares during the quarter. WMG Financial Advisors LLC’s holdings in Arbor Realty Trust were worth $618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABR. GAMMA Investing LLC grew its holdings in shares of Arbor Realty Trust by 223.0% during the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,308 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Arbor Realty Trust by 5.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 499,202 shares of the real estate investment trust’s stock valued at $5,866,000 after acquiring an additional 27,153 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Arbor Realty Trust during the 1st quarter valued at $250,000. Sunbelt Securities Inc. grew its holdings in shares of Arbor Realty Trust by 18.5% during the 1st quarter. Sunbelt Securities Inc. now owns 47,474 shares of the real estate investment trust’s stock valued at $558,000 after acquiring an additional 7,420 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Arbor Realty Trust during the 1st quarter valued at $31,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Down 4.8%

NYSE ABR opened at $11.52 on Friday. The stock has a market cap of $2.21 billion, a PE ratio of 12.65 and a beta of 1.37. The firm has a 50-day simple moving average of $11.85 and a 200 day simple moving average of $11.16. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $27.44 million during the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, research analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend was Friday, August 15th. Arbor Realty Trust’s dividend payout ratio is 131.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler boosted their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company an “underweight” rating in a report on Wednesday. Keefe, Bruyette & Woods upped 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 report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arbor Realty Trust in a report on Saturday, September 27th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, JMP Securities decreased their price objective on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Arbor Realty Trust has an average rating of “Reduce” and an average target price of $11.63.

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.