Concurrent Investment Advisors LLC Buys 38,752 Shares of Arbor Realty Trust $ABR

Key Points

• Concurrent Investment Advisors LLC increased its holdings in Arbor Realty Trust by 210.7% during Q2, acquiring an additional 38,752 shares, bringing its total to 57,140 shares valued at $611,000.
• Hedge funds currently hold 57.25% of Arbor Realty Trust's stock, with various firms increasing their positions in the company recently.
• Arbor Realty Trust missed earnings expectations, reporting $0.24 EPS against a consensus estimate of $0.27 EPS, along with a quarterly dividend of $0.30 per share, translating to a 10.3% dividend yield.

Concurrent Investment Advisors LLC grew its holdings in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 210.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,140 shares of the real estate investment trust's stock after buying an additional 38,752 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Arbor Realty Trust were worth $611,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at about $447,944,000. Charles Schwab Investment Management Inc. raised its position in shares of Arbor Realty Trust by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust's stock valued at $29,952,000 after buying an additional 56,002 shares in the last quarter. Invesco Ltd. raised its position in shares of Arbor Realty Trust by 30.3% during the 1st quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock valued at $25,827,000 after buying an additional 510,772 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Arbor Realty Trust by 7.5% during the 1st quarter. Raymond James Financial Inc. now owns 1,239,259 shares of the real estate investment trust's stock valued at $14,561,000 after buying an additional 86,411 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Arbor Realty Trust by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust's stock valued at $11,032,000 after buying an additional 24,428 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABR has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Arbor Realty Trust from $11.50 to $12.00 and gave the company a "market perform" rating in a research report on Thursday, October 9th. Wall Street Zen raised shares of Arbor Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday. JMP Securities decreased their price objective on shares of Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 19th. Zacks Research raised shares of Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Arbor Realty Trust in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $11.63.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR opened at $11.63 on Friday. The firm has a market cap of $2.24 billion, a PE ratio of 12.77 and a beta of 1.37. The firm's 50 day simple moving average is $11.86 and its 200-day simple moving average is $11.15. Arbor Realty Trust has a one year low of $8.43 and a one year high of $15.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current 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 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.03). The company had revenue of $27.44 million for the quarter, compared to analysts' expectations 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 EPS for the current year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.3%. Arbor Realty Trust's dividend payout ratio (DPR) is 131.87%.

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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