Public Sector Pension Investment Board Buys 128,185 Shares of Arbor Realty Trust $ABR

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 increased its stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 27.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 598,110 shares of the real estate investment trust's stock after buying an additional 128,185 shares during the period. Public Sector Pension Investment Board owned 0.31% of Arbor Realty Trust worth $7,028,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ABR. Charles Schwab Investment Management Inc. raised its stake in Arbor Realty Trust by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust's stock worth $29,952,000 after purchasing an additional 56,002 shares in the last quarter. Northern Trust Corp raised its stake in Arbor Realty Trust by 10.0% in the 4th quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock worth $33,690,000 after purchasing an additional 220,471 shares in the last quarter. Invesco Ltd. raised its stake in Arbor Realty Trust by 30.3% in 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. Raymond James Financial Inc. acquired a new stake in Arbor Realty Trust in the 4th quarter worth about $15,967,000. Finally, Principal Financial Group Inc. raised its stake in Arbor Realty Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust's stock worth $11,032,000 after purchasing an additional 24,428 shares in the last quarter. Institutional investors own 57.25% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a research note on Tuesday, August 5th. 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. dropped their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Finally, JMP Securities dropped their target price on shares of Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $12.63.

Arbor Realty Trust Price Performance

ABR stock traded up $0.0550 during trading on Tuesday, reaching $11.4950. 2,042,884 shares of the company were exchanged, compared to its average volume of 3,486,204. The company has a 50-day moving average of $11.15 and a two-hundred day moving average of $11.37. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.63 and a beta of 1.37. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.94. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37.

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 analysts' consensus estimates of $0.27 by ($0.03). The business had revenue of $27.44 million during the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. As a group, equities analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, August 15th. Arbor Realty Trust's dividend payout ratio is 131.87%.

Insider Activity

In related news, CEO Ivan Kaufman acquired 140,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were bought at an average price of $9.43 per share, with a total value of $1,320,200.00. Following the transaction, the chief executive officer directly owned 1,929,816 shares of the company's stock, valued at $18,198,164.88. This trade represents a 7.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.

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.