Arbor Realty Trust, Inc. (NYSE:ABR) Stock Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 10.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 990,484 shares of the real estate investment trust’s stock after acquiring an additional 91,970 shares during the period. Van ECK Associates Corp’s holdings in Arbor Realty Trust were worth $14,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in Arbor Realty Trust during the first quarter valued at $27,000. Cape Investment Advisory Inc. lifted its position in shares of Arbor Realty Trust by 671.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 2,015 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Arbor Realty Trust in the 4th quarter valued at about $35,000. Scarborough Advisors LLC bought a new stake in shares of Arbor Realty Trust during the 4th quarter valued at about $38,000. Finally, National Bank of Canada FI bought a new position in Arbor Realty Trust in the fourth quarter worth about $58,000. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Stock Down 0.6 %

Shares of Arbor Realty Trust stock opened at $13.60 on Monday. Arbor Realty Trust, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35. The company has a market cap of $2.56 billion, a P/E ratio of 8.45 and a beta of 2.03. The company has a current ratio of 37.31, a quick ratio of 37.31 and a debt-to-equity ratio of 2.78. The stock has a 50-day moving average price of $13.72 and a 200 day moving average price of $13.39.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. The business had revenue of $297.19 million during the quarter, compared to analyst estimates of $300.69 million. During the same period in the prior year, the firm earned $0.56 earnings per share. As a group, analysts expect that Arbor Realty Trust, Inc. will post 1.7 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.65%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 106.83%.

Analyst Ratings Changes

ABR has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and issued a $13.00 target price on shares of Arbor Realty Trust in a research report on Monday, May 6th. JPMorgan Chase & Co. dropped their price target on Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a report on Tuesday, July 16th. Piper Sandler boosted their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. JMP Securities dropped their target price on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 20th. Finally, Keefe, Bruyette & Woods boosted 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and a consensus target price of $13.40.

Arbor Realty Trust Company 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.