AlphaQuest LLC Has $459,000 Stock Position in Arbor Realty Trust $ABR

Key Points

• AlphaQuest LLC reduced its stake in Arbor Realty Trust by 56.5% in the first quarter, now holding 39,057 shares valued at approximately $459,000.
• Arbor Realty Trust's quarterly earnings report showed earnings per share of $0.24, which missed the consensus estimate of $0.27, with revenues reported at $27.44 million.
• The company declared a quarterly dividend of $0.30, with an annualized yield of 10.1%, despite having a payout ratio of 131.87%.

AlphaQuest LLC reduced its position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 56.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,057 shares of the real estate investment trust's stock after selling 50,783 shares during the quarter. AlphaQuest LLC's holdings in Arbor Realty Trust were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ABR. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Arbor Realty Trust by 393.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,976 shares of the real estate investment trust's stock worth $9,129,000 after buying an additional 619,473 shares during the period. Invesco Ltd. boosted its stake in Arbor Realty Trust by 30.3% in the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock valued at $25,827,000 after acquiring an additional 510,772 shares during the last quarter. Nuveen LLC acquired a new stake in Arbor Realty Trust during the 1st quarter worth $5,350,000. Tudor Investment Corp ET AL grew its holdings in Arbor Realty Trust by 496.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 450,822 shares of the real estate investment trust's stock worth $6,244,000 after acquiring an additional 375,293 shares during the period. Finally, Northern Trust Corp raised its position in shares of Arbor Realty Trust by 10.0% during the 4th quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock valued at $33,690,000 after acquiring an additional 220,471 shares during the last quarter. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Up 0.6%

NYSE:ABR opened at $11.83 on Wednesday. Arbor Realty Trust has a 1 year low of $8.43 and a 1 year high of $15.94. The stock has a 50-day moving average price of $11.30 and a two-hundred day moving average price of $11.30. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 12.99 and a beta of 1.37. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The business had revenue of $27.44 million for the quarter, compared to the consensus estimate of $76.99 million. As a group, equities analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.1%. Arbor Realty Trust's payout ratio is presently 131.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ABR. JPMorgan Chase & Co. reduced their price target on Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Keefe, Bruyette & Woods increased their target price on Arbor Realty Trust from $11.00 to $11.50 and gave the company a "market perform" rating in a research note on Tuesday, August 5th. JMP Securities reduced their target price on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 19th. Finally, Zacks Research lowered Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $12.63.

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.

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