AlphaQuest LLC Reduces Stock Holdings 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 lowered its stake in Arbor Realty Trust (NYSE:ABR - Free Report) by 56.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dunhill Financial LLC acquired a new stake in shares of Arbor Realty Trust during the fourth quarter worth about $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Arbor Realty Trust during the first quarter worth about $31,000. Bernard Wealth Management Corp. acquired a new stake in shares of Arbor Realty Trust during the fourth quarter worth about $36,000. GAMMA Investing LLC lifted its position in shares of Arbor Realty Trust by 223.0% during the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,308 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Arbor Realty Trust by 249.6% during the fourth quarter. Quarry LP now owns 3,531 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 2,521 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ABR shares. JMP Securities reduced their price target on shares of Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 19th. Zacks Research cut shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a "market perform" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Arbor Realty Trust has a consensus rating of "Reduce" and a consensus target price of $12.63.

Arbor Realty Trust Stock Up 1.0%

NYSE:ABR traded up $0.12 during mid-day trading on Monday, hitting $11.94. The stock had a trading volume of 2,157,405 shares, compared to its average volume of 2,379,114. The stock has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $11.24. The company has a market capitalization of $2.30 billion, a PE ratio of 13.12 and a beta of 1.35. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.94. 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 issued its earnings results 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). The firm had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, equities research analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

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

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.