Odyssean LLC Purchases 396,292 Shares of Arbor Realty Trust $ABR

Odyssean LLC boosted its position in shares of Arbor Realty Trust (NYSE:ABR) by 227.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 570,598 shares of the real estate investment trust’s stock after purchasing an additional 396,292 shares during the period. Odyssean LLC’s holdings in Arbor Realty Trust were worth $3,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABR. BlackRock Inc. bought a new stake in Arbor Realty Trust during the second quarter valued at $143,448,000. Balyasny Asset Management L.P. increased its stake in Arbor Realty Trust by 296.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock worth $29,765,000 after acquiring an additional 2,869,132 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at about $7,702,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Arbor Realty Trust in the 4th quarter valued at about $10,219,000. Finally, Wasatch Advisors LP raised its holdings in shares of Arbor Realty Trust by 19.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after acquiring an additional 654,583 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

ABR opened at $5.17 on Wednesday. The stock has a 50-day moving average price of $5.13 and a 200-day moving average price of $6.42. Arbor Realty Trust has a 12-month low of $4.73 and a 12-month high of $12.57. 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 stock has a market capitalization of $965.45 million, a P/E ratio of 73.93 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. Equities analysts predict that Arbor Realty Trust will post 0.29 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 13.1%. Arbor Realty Trust’s dividend payout ratio (DPR) is 971.43%.

Wall Street Analyst Weigh In

ABR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Citizens Jmp lowered their target price on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research note on Thursday, May 14th. Piper Sandler dropped their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $5.50 in a research note on Friday, July 17th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $6.00.

About Arbor Realty Trust

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.