SG Americas Securities LLC Has $765,000 Position in Arbor Realty Trust, Inc. (NYSE:ABR)

SG Americas Securities LLC cut its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 31.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,337 shares of the real estate investment trust’s stock after selling 24,954 shares during the period. SG Americas Securities LLC’s holdings in Arbor Realty Trust were worth $765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Arbor Realty Trust during the 4th quarter worth $18,775,000. Azora Capital LP acquired a new stake in shares of Arbor Realty Trust during the fourth quarter worth about $14,932,000. Wasatch Advisors LP lifted its holdings in shares of Arbor Realty Trust by 31.9% during the 4th quarter. Wasatch Advisors LP now owns 3,004,789 shares of the real estate investment trust’s stock valued at $45,613,000 after purchasing an additional 726,685 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Arbor Realty Trust by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock valued at $286,612,000 after purchasing an additional 235,364 shares during the period. Finally, PFG Investments LLC bought a new stake in Arbor Realty Trust during the 1st quarter worth approximately $2,749,000. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $13.38 on Monday. Arbor Realty Trust, Inc. has a 52-week low of $11.77 and a 52-week high of $16.35. The company has a market cap of $2.52 billion, a P/E ratio of 8.31 and a beta of 2.03. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.63 and a current ratio of 36.63. The stock’s 50-day simple moving average is $13.82 and its 200 day simple moving average is $13.34.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $297.19 million for the quarter, compared to analyst estimates of $300.69 million. Arbor Realty Trust had a return on equity of 17.04% and a net margin of 26.05%. During the same quarter in the previous year, the firm earned $0.56 EPS. As a group, sell-side analysts forecast that Arbor Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 12.86%. The ex-dividend date is Friday, August 16th. Arbor Realty Trust’s dividend payout ratio is currently 106.83%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. Piper Sandler increased their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. Wedbush restated a “neutral” rating and issued a $13.00 price target on shares of Arbor Realty Trust in a report on Monday, May 6th. JMP Securities decreased their price objective on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

About Arbor Realty Trust

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.