Bank of New York Mellon Corp Takes $7.70 Million Position in Arbor Realty Trust $ABR

Key Points

• Bank of New York Mellon acquired 1.42 million Arbor Realty Trust shares worth approximately $7.70 million, representing about 0.76% of the REIT. Institutional investors collectively own 57.25% of the stock.
• Analyst sentiment remains cautious: ABR has an average rating of “Reduce” and a consensus price target of $6.00, with ratings spanning Buy, Hold, and Sell.
• Arbor Realty Trust reported quarterly earnings of $0.10 per share, exceeding estimates, and maintains a $0.17 quarterly dividend. The annualized $0.68 payout implies a high 13.1% yield, though its payout ratio is 971.43%.

Bank of New York Mellon Corp bought a new position in Arbor Realty Trust (NYSE:ABR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,421,048 shares of the real estate investment trust's stock, valued at approximately $7,702,000. Bank of New York Mellon Corp owned about 0.76% of Arbor Realty Trust at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 1,175 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Arbor Realty Trust during the first quarter valued at $29,000. Quantbot Technologies LP bought a new position in Arbor Realty Trust during the second quarter valued at $46,000. Larson Financial Group LLC grew its stake in shares of Arbor Realty Trust by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 4,411 shares of the real estate investment trust's stock worth $54,000 after buying an additional 2,193 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Arbor Realty Trust by 61.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust's stock worth $50,000 after buying an additional 1,782 shares during the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ABR shares. Citizens Jmp decreased their price objective on Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating on the stock in a research report on Thursday, May 14th. Zacks Research upgraded Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. raised Arbor Realty Trust from an "underweight" rating to a "neutral" rating and cut their target price for the company from $7.00 to $5.50 in a research report on Friday, July 17th. Keefe, Bruyette & Woods decreased their price target on Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $6.00.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, Director William Green acquired 25,951 shares of the company's stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average price of $5.07 per share, for a total transaction of $131,571.57. Following the acquisition, the director directly owned 231,369 shares in the company, valued at $1,173,040.83. The trade was a 12.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is currently owned by insiders.

Arbor Realty Trust Price Performance

ABR stock opened at $5.21 on Friday. The stock has a market cap of $971.98 million, a PE ratio of 74.43 and a beta of 1.15. Arbor Realty Trust has a 12 month low of $4.73 and a 12 month high of $12.57. The company has a 50-day moving average price of $5.12 and a 200 day moving average price of $6.30. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. The company had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. Equities research analysts anticipate that Arbor Realty Trust will post 0.29 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust's dividend payout ratio (DPR) is currently 971.43%.

Arbor Realty Trust Profile

Arbor Realty Trust, Inc NYSE: ABR is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.

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