Arbor Realty Trust $ABR Stock Holdings Lowered by Cascade Investment Group Inc.

Key Points

• Cascade Investment Group Inc. has significantly reduced its holdings in Arbor Realty Trust, decreasing its position by 72.0% during the second quarter.
• The company reported a net income miss with earnings per share of $0.24, falling short of analysts' expectations of $0.27.
• Arbor Realty Trust declared a quarterly dividend of $0.30, resulting in an annualized yield of 10.4%, although its payout ratio stands at 131.87%.

Cascade Investment Group Inc. lowered its position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 72.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 59,021 shares of the real estate investment trust's stock after selling 151,467 shares during the period. Cascade Investment Group Inc.'s holdings in Arbor Realty Trust were worth $632,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in shares of Arbor Realty Trust during the first quarter worth about $250,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Arbor Realty Trust by 5.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 499,202 shares of the real estate investment trust's stock worth $5,866,000 after acquiring an additional 27,153 shares during the last quarter. GAMMA Investing LLC grew 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 acquiring an additional 2,308 shares during the last quarter. Strs Ohio bought a new position in shares of Arbor Realty Trust during the first quarter worth about $404,000. Finally, Three Seasons Wealth LLC bought a new position in shares of Arbor Realty Trust during the second quarter worth about $391,000. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $11.52 on Friday. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.76. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.65 and a beta of 1.37. The firm has a 50-day moving average of $11.85 and a two-hundred day moving average of $11.16.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $76.99 million. As a group, analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date of this dividend was Friday, August 15th. Arbor Realty Trust's dividend payout ratio is presently 131.87%.

Analyst Ratings Changes

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

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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