Algert Global LLC Invests $2.04 Million in Arbor Realty Trust $ABR

Key Points

• Algert Global LLC acquired 375,660 shares of Arbor Realty Trust during the second quarter, worth approximately $2.04 million and representing about 0.20% of the company. Institutional investors and hedge funds collectively own 57.25% of the stock.
• Arbor Realty Trust shares opened at $5.08, near their 52-week low of $4.73. Analysts are broadly cautious, with an average “Reduce” rating, four Sell ratings, and an average price target of $6.00.
• The company reported quarterly EPS of $0.10, exceeding estimates of $0.05, and revenue of $117.83 million. It also paid a quarterly dividend of $0.17 per share, equivalent to a 13.4% annualized yield, though its payout ratio was an exceptionally high 971.43%.

Algert Global LLC acquired a new position in Arbor Realty Trust (NYSE:ABR - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 375,660 shares of the real estate investment trust's stock, valued at approximately $2,036,000. Algert Global LLC owned approximately 0.20% of Arbor Realty Trust as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Bessemer Group Inc. acquired a new stake in shares of Arbor Realty Trust in the first quarter valued at approximately $29,000. Smartleaf Asset Management LLC increased its stake in shares of Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 1,175 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Arbor Realty Trust during the 4th quarter worth approximately $42,000. Quantbot Technologies LP acquired a new position in shares of Arbor Realty Trust during the 2nd quarter worth approximately $46,000. Finally, Russell Investments Group Ltd. lifted its stake in Arbor Realty Trust by 61.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 1,782 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Trading Up 1.0%

Shares of Arbor Realty Trust stock opened at $5.08 on Friday. Arbor Realty Trust has a fifty-two week low of $4.73 and a fifty-two week high of $12.57. The business's fifty day moving average is $5.12 and its two-hundred day moving average is $6.38. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33. The firm has a market cap of $947.72 million, a PE ratio of 72.57 and a beta of 1.15.

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

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.4%. Arbor Realty Trust's dividend payout ratio is currently 971.43%.

Analyst Ratings Changes

A number of equities research analysts have commented on ABR shares. Keefe, Bruyette & Woods lowered their target price on Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an "underweight" rating to a "neutral" rating and reduced their price objective for the company from $7.00 to $5.50 in a research report on Friday, July 17th. Citizens Jmp decreased their price objective on 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 price objective on 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, Zacks Research downgraded shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $6.00.

Arbor Realty Trust Company Profile

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.

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