Charles Schwab Investment Management Inc. Boosts Holdings in Arbor Realty Trust $ABR

Key Points

• Charles Schwab Investment Management Inc. increased its position in Arbor Realty Trust by 2.2% in Q1, now owning 2,549,107 shares valued at approximately $29.95 million.
• Arbor Realty Trust reported a miss in quarterly earnings, with $0.24 EPS against the consensus estimate of $0.27, while also declaring a quarterly dividend of $0.30 payable on August 29th.
• Analysts have mixed opinions on Arbor Realty Trust, with ratings ranging from a "Buy" to a "Strong Sell," and a consensus price target currently standing at $12.63.

Charles Schwab Investment Management Inc. boosted its position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,549,107 shares of the real estate investment trust's stock after acquiring an additional 56,002 shares during the period. Charles Schwab Investment Management Inc. owned 1.33% of Arbor Realty Trust worth $29,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ABR. Dunhill Financial LLC acquired a new position in Arbor Realty Trust during the 4th quarter valued at approximately $29,000. Smallwood Wealth Investment Management LLC acquired a new position in Arbor Realty Trust during the 1st quarter valued at approximately $31,000. Bernard Wealth Management Corp. acquired a new stake in shares of Arbor Realty Trust in the fourth quarter worth $36,000. GAMMA Investing LLC increased its stake in shares of Arbor Realty Trust by 223.0% in the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 2,308 shares during the period. Finally, Quarry LP increased its stake in shares of Arbor Realty Trust by 249.6% in the fourth quarter. Quarry LP now owns 3,531 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 2,521 shares during the period. Hedge funds and other institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

ABR opened at $11.4950 on Wednesday. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 12.63 and a beta of 1.37. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.94. The firm's fifty day simple moving average is $11.17 and its two-hundred day simple moving average is $11.37.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $76.99 million. Equities analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.30 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.4%. Arbor Realty Trust's payout ratio is currently 131.87%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Arbor Realty Trust

In other news, CEO Ivan Kaufman purchased 60,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average price of $8.70 per share, for a total transaction of $522,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,989,816 shares of the company's stock, valued at $17,311,399.20. The trade was a 3.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by corporate 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.

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