Legal & General Group Plc Takes $2.33 Million Position in Arbor Realty Trust $ABR

Legal & General Group Plc bought a new stake in Arbor Realty Trust (NYSE:ABR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 429,092 shares of the real estate investment trust’s stock, valued at approximately $2,326,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG acquired a new stake in shares of Arbor Realty Trust in the second quarter valued at approximately $1,122,000. UBS Group AG grew its position in shares of Arbor Realty Trust by 111.4% during the fourth quarter. UBS Group AG now owns 1,045,564 shares of the real estate investment trust’s stock worth $8,114,000 after acquiring an additional 550,875 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Arbor Realty Trust by 124.9% in the 1st quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock valued at $4,246,000 after acquiring an additional 305,844 shares during the period. BlackRock Inc. purchased a new stake in Arbor Realty Trust in the 2nd quarter valued at $143,448,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Arbor Realty Trust in the 2nd quarter valued at $1,776,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Up 1.0%

ABR stock opened at $5.24 on Friday. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. The company’s 50-day moving average price is $5.12 and its 200 day moving average price is $6.29. Arbor Realty Trust has a 52 week low of $4.73 and a 52 week high of $12.57. The company has a market cap of $977.57 million, a P/E ratio of 74.86 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The company had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. On average, research analysts expect that Arbor Realty Trust will post 0.29 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.17 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.0%. Arbor Realty Trust’s dividend payout ratio is currently 971.43%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citizens Jmp decreased their price target on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research note on Thursday, May 14th. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a research note on Monday, August 3rd. Finally, Piper Sandler lowered their price target on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $6.00.

Insiders Place Their Bets

In other news, Director William Green acquired 25,951 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of $5.07 per share, with a total value of $131,571.57. Following the purchase, the director directly owned 231,369 shares of the company’s stock, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is owned by insiders.

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.