United Services Automobile Association Purchases Shares of 15,885 Arbor Realty Trust, Inc. (NYSE:ABR)

United Services Automobile Association purchased a new stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,885 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Several other hedge funds have also made changes to their positions in the stock. Wedbush Securities Inc. lifted its stake in shares of Arbor Realty Trust by 5.6% in the second quarter. Wedbush Securities Inc. now owns 47,380 shares of the real estate investment trust’s stock valued at $680,000 after buying an additional 2,530 shares during the period. PFG Investments LLC lifted its stake in shares of Arbor Realty Trust by 5.3% in the second quarter. PFG Investments LLC now owns 218,409 shares of the real estate investment trust’s stock valued at $3,134,000 after buying an additional 10,963 shares during the period. Certuity LLC bought a new stake in shares of Arbor Realty Trust in the second quarter valued at about $4,305,000. Arizona State Retirement System lifted its stake in shares of Arbor Realty Trust by 1.9% in the second quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock valued at $757,000 after buying an additional 968 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Arbor Realty Trust by 8.6% in the second quarter. Victory Capital Management Inc. now owns 39,292 shares of the real estate investment trust’s stock valued at $564,000 after buying an additional 3,119 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $13.44 on Thursday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 8.34 and a beta of 2.05. The company has a 50 day moving average of $13.57 and a 200-day moving average of $13.40. The company has a current ratio of 37.31, a quick ratio of 37.31 and a debt-to-equity ratio of 2.78. Arbor Realty Trust, Inc. has a 1-year low of $11.77 and a 1-year high of $16.35.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data 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 company had revenue of $297.19 million during the quarter, compared to analyst estimates of $300.69 million. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. During the same quarter last year, the business posted $0.56 earnings per share. On average, equities analysts forecast that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.80%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio is currently 106.83%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, July 16th. Piper Sandler increased their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods increased their price target on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 10th. Finally, JMP Securities dropped their price target on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research report on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.