Atria Wealth Solutions Inc. Decreases Stock Holdings in Arbor Realty Trust (NYSE:ABR)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Arbor Realty Trust by 37.5%, now holding approximately 0.08% of the company, worth around $1.76 million.
• In a significant insider transaction, CEO Ivan Kaufman purchased 140,000 shares at an average price of $9.43, increasing his ownership of the company to 1,929,816 shares.
• Arbor Realty Trust announced a quarterly dividend of $0.30 per share, leading to an annualized dividend yield of 10.1%, with a dividend payout ratio of 131.87%.

Atria Wealth Solutions Inc. lessened its stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 37.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 149,925 shares of the real estate investment trust's stock after selling 89,779 shares during the quarter. Atria Wealth Solutions Inc. owned approximately 0.08% of Arbor Realty Trust worth $1,762,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dunhill Financial LLC bought a new position in Arbor Realty Trust in the fourth quarter worth $29,000. Smallwood Wealth Investment Management LLC bought a new position in Arbor Realty Trust in the first quarter worth $31,000. Bernard Wealth Management Corp. bought a new position in Arbor Realty Trust in the fourth quarter worth $36,000. GAMMA Investing LLC raised its stake in 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 valued at $39,000 after buying an additional 2,308 shares during the last quarter. Finally, Quarry LP raised its stake in 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 valued at $49,000 after buying an additional 2,521 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

NYSE:ABR traded down $0.12 during mid-day trading on Thursday, reaching $11.95. The company's stock had a trading volume of 3,704,843 shares, compared to its average volume of 3,506,430. The firm's fifty day moving average price is $11.06 and its two-hundred day moving average price is $11.44. The stock has a market cap of $2.30 billion, a P/E ratio of 13.14 and a beta of 1.37. Arbor Realty Trust has a 12-month low of $8.43 and a 12-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 released its quarterly 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 for the quarter, compared to the consensus estimate 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 analysts forecast that Arbor Realty Trust will post 1.65 EPS 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. Investors of record on Friday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.0%. Arbor Realty Trust's 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 that occurred on Wednesday, May 21st. The stock was bought at an average cost of $9.43 per share, for a total transaction of $1,320,200.00. Following the purchase, the chief executive officer owned 1,929,816 shares in the company, valued at $18,198,164.88. The trade was a 7.82% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 210,000 shares of company stock worth $1,942,000. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

ABR has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the company a "market perform" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. reduced their price target on Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a report on Monday, May 5th.

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.