Arbor Realty Trust $ABR Shares Acquired by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Arbor Realty Trust by 27.3%, owning approximately 598,110 shares valued at $7,028,000 after the purchase.
• Arbor Realty Trust reported a quarterly earnings per share (EPS) of $0.24, which was below the consensus estimate of $0.27, with revenues totaling $27.44 million.
• The company announced a quarterly dividend of $0.30 per share, yielding 10.3%, to be paid on August 29th to shareholders on record as of August 15th.

Public Sector Pension Investment Board boosted its position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 27.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 598,110 shares of the real estate investment trust's stock after acquiring an additional 128,185 shares during the quarter. Public Sector Pension Investment Board owned 0.31% of Arbor Realty Trust worth $7,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Arbor Realty Trust during the 1st quarter valued at about $5,350,000. Virtu Financial LLC boosted its holdings in Arbor Realty Trust by 57.1% during the 1st quarter. Virtu Financial LLC now owns 44,398 shares of the real estate investment trust's stock valued at $522,000 after acquiring an additional 16,144 shares during the period. Invesco Ltd. boosted its holdings 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 valued at $25,827,000 after acquiring an additional 510,772 shares during the period. Covestor Ltd boosted its holdings in Arbor Realty Trust by 14.7% during the 1st quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 1,146 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 valued at $9,129,000 after acquiring an additional 619,473 shares during the period. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Down 2.2%

Shares of ABR traded down $0.2550 during midday trading on Thursday, hitting $11.3550. The company had a trading volume of 1,749,963 shares, compared to its average volume of 2,674,113. The company's 50-day simple moving average is $11.21 and its 200-day simple moving average is $11.36. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The firm has a market capitalization of $2.18 billion, a P/E ratio of 12.48 and a beta of 1.37. Arbor Realty Trust has a 1 year low of $8.43 and a 1 year high of $15.94.

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). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The business had revenue of $27.44 million for the quarter, compared to analyst estimates of $76.99 million. As a group, sell-side analysts expect that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Friday, August 15th. Arbor Realty Trust's dividend payout ratio (DPR) is 131.87%.

Wall Street Analysts Forecast Growth

ABR has been the subject of a number of research analyst reports. JMP Securities lowered their target price on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Zacks Research cut Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Arbor Realty Trust has a consensus rating of "Reduce" and an average price target of $12.63.

Arbor Realty Trust 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.