Louisiana State Employees Retirement System Trims Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Louisiana State Employees Retirement System trimmed its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 3.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 91,200 shares of the real estate investment trust’s stock after selling 3,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Arbor Realty Trust were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Arbor Realty Trust by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock valued at $20,399,000 after buying an additional 43,165 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Arbor Realty Trust by 6.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock valued at $17,724,000 after buying an additional 78,154 shares in the last quarter. Van ECK Associates Corp grew its holdings in Arbor Realty Trust by 10.2% during the 2nd quarter. Van ECK Associates Corp now owns 990,484 shares of the real estate investment trust’s stock valued at $14,213,000 after buying an additional 91,970 shares in the last quarter. ProShare Advisors LLC grew its holdings in Arbor Realty Trust by 3.0% during the 1st quarter. ProShare Advisors LLC now owns 612,058 shares of the real estate investment trust’s stock valued at $8,110,000 after buying an additional 17,625 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Arbor Realty Trust by 0.7% during the 2nd quarter. Rhumbline Advisers now owns 600,251 shares of the real estate investment trust’s stock valued at $8,614,000 after buying an additional 4,126 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Up 0.7 %

Shares of ABR opened at $14.85 on Friday. The company has a market cap of $2.80 billion, a PE ratio of 10.24 and a beta of 2.06. The business has a fifty day moving average of $14.67 and a 200 day moving average of $13.96. Arbor Realty Trust, Inc. has a 52-week low of $11.77 and a 52-week high of $16.35. The company has a quick ratio of 37.31, a current ratio of 37.31 and a debt-to-equity ratio of 2.78.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. The business had revenue of $297.19 million for the quarter, compared to analyst estimates of $300.69 million. During the same quarter last year, the firm posted $0.56 earnings per share. On average, sell-side analysts expect that Arbor Realty Trust, Inc. will post 1.69 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ABR. JMP Securities increased their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. JPMorgan Chase & Co. increased their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Raymond James increased their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods increased their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, July 10th. Finally, Piper Sandler increased their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.25.

Arbor Realty Trust 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.