Arbor Realty Trust $ABR Shares Purchased by Melia Wealth LLC

Key Points

• Melia Wealth LLC increased its stake in Arbor Realty Trust by 14.5% in Q2, now holding 889,303 shares valued at approximately $9.5 million.
• Analysts have a mixed outlook on Arbor Realty Trust, with ratings ranging from Buy to Sell, and a current consensus price target of $11.63.
• Arbor Realty Trust reported earnings per share of $0.24 for the last quarter, missing estimates, and announced a quarterly dividend of $0.30 with a yield of 10.3%.

Melia Wealth LLC increased its stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889,303 shares of the real estate investment trust's stock after purchasing an additional 112,763 shares during the quarter. Arbor Realty Trust accounts for 4.6% of Melia Wealth LLC's holdings, making the stock its 11th largest holding. Melia Wealth LLC owned about 0.46% of Arbor Realty Trust worth $9,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ABR. Kingstone Capital Partners Texas LLC acquired a new position in Arbor Realty Trust during the 2nd quarter worth $447,944,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 purchasing an additional 619,473 shares in the last quarter. Invesco Ltd. grew its stake in Arbor Realty Trust by 30.3% during the 1st quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock worth $25,827,000 after purchasing an additional 510,772 shares in the last quarter. Nuveen LLC acquired a new position in Arbor Realty Trust during the 1st quarter worth $5,350,000. Finally, Advisors Asset Management Inc. grew its stake in Arbor Realty Trust by 75.5% during the 1st quarter. Advisors Asset Management Inc. now owns 327,809 shares of the real estate investment trust's stock worth $3,852,000 after purchasing an additional 141,062 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ABR. Zacks Research raised Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Arbor Realty Trust in a research report on Saturday, September 27th. JMP Securities lowered their price objective on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods upped their price objective on Arbor Realty Trust from $11.50 to $12.00 and gave the stock a "market perform" rating in a research report on Thursday, October 9th. Finally, Piper Sandler upped their price objective on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an "underweight" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $11.63.

Arbor Realty Trust Stock Up 2.1%

Shares of NYSE ABR opened at $11.63 on Tuesday. The stock has a market cap of $2.24 billion, a PE ratio of 12.77 and a beta of 1.37. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.76. The business has a 50-day moving average price of $11.85 and a 200 day moving average price of $11.14.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Equities research analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.3%. Arbor Realty Trust's dividend payout ratio is 131.87%.

About Arbor Realty Trust

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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