BlackRock Inc. Takes $143.45 Million Position in Arbor Realty Trust $ABR

Key Points

• BlackRock acquired 26.47 million shares of Arbor Realty Trust in the second quarter, worth approximately $143.45 million and representing a 14.19% stake. Institutional investors collectively own 57.25% of the company.
• Analyst sentiment remains cautious: Arbor Realty Trust has a consensus rating of “Reduce”, with four Sell ratings, one Hold, and one Buy; the consensus price target is $6.00.
• ABR reported quarterly EPS of $0.10, beating estimates of $0.05, and revenue of $117.83 million. The company paid a $0.17 quarterly dividend, equivalent to a 13.4% annualized yield, though its payout ratio is an unusually high 971.43%.

BlackRock Inc. bought a new position in Arbor Realty Trust (NYSE:ABR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,466,351 shares of the real estate investment trust's stock, valued at approximately $143,448,000. BlackRock Inc. owned approximately 14.19% of Arbor Realty Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ABR. Smartleaf Asset Management LLC raised its stake in Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 1,175 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Arbor Realty Trust in the 1st quarter valued at $29,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Arbor Realty Trust in the 4th quarter valued at $42,000. Quantbot Technologies LP bought a new stake in shares of Arbor Realty Trust in the 2nd quarter worth about $46,000. Finally, Russell Investments Group Ltd. grew 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 purchasing an additional 1,782 shares during the last quarter. Institutional investors own 57.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ABR. Keefe, Bruyette & Woods dropped their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating for the company in a research report on Monday, August 3rd. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an "underweight" rating to a "neutral" rating and reduced their price target for the company from $7.00 to $5.50 in a research report on Friday, July 17th. Citizens Jmp decreased their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating on the stock in a research note on Thursday, May 14th. Piper Sandler dropped their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating for the company in a report on Monday, August 3rd. Finally, Zacks Research cut shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Arbor Realty Trust currently has an average rating of "Reduce" and a consensus price target of $6.00.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $5.08 on Friday. Arbor Realty Trust has a 52 week low of $4.73 and a 52 week high of $12.57. The stock has a market capitalization of $947.72 million, a PE ratio of 72.57 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The stock's fifty day moving average is $5.12 and its 200-day moving average is $6.38.

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

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.4%. Arbor Realty Trust's payout ratio 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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