Connor Clark & Lunn Investment Management Ltd. Takes $1.78 Million Position in Arbor Realty Trust $ABR

Key Points

• Connor Clark & Lunn Investment Management acquired 327,715 Arbor Realty Trust shares worth approximately $1.78 million, representing a 0.18% stake. Institutional investors and hedge funds collectively own 57.25% of the company.
• Arbor Realty Trust reported quarterly EPS of $0.10, beating estimates of $0.05, while revenue of $117.83 million exceeded the $107.75 million consensus forecast.
• The company pays a quarterly dividend of $0.17 per share, equivalent to a 13.4% annualized yield, but its payout ratio is exceptionally high at 971.43%. Analysts maintain a consensus “Reduce” rating with a $6.00 price target.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Arbor Realty Trust (NYSE:ABR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 327,715 shares of the real estate investment trust's stock, valued at approximately $1,776,000. Connor Clark & Lunn Investment Management Ltd. owned 0.18% of Arbor Realty Trust at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ABR. Bessemer Group Inc. purchased a new position in Arbor Realty Trust during the 1st quarter valued at about $29,000. Smartleaf Asset Management LLC increased 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 purchasing an additional 1,175 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Arbor Realty Trust during the fourth quarter worth about $42,000. Quantbot Technologies LP acquired a new stake in shares of Arbor Realty Trust during the second quarter worth about $46,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Arbor Realty Trust by 61.0% during the second 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 in the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.

Arbor Realty Trust Stock Up 1.0%

Shares of NYSE:ABR opened at $5.08 on Friday. Arbor Realty Trust has a fifty-two week low of $4.73 and a fifty-two week high of $12.57. The firm's 50 day moving average price is $5.12 and its 200 day moving average price is $6.38. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33. The stock has a market cap of $947.72 million, a price-to-earnings ratio of 72.57 and a beta of 1.15.

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

Arbor Realty Trust Announces Dividend

The company also recently announced 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. The ex-dividend date 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 presently 971.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an "underweight" rating to a "neutral" rating and dropped their price objective for the company from $7.00 to $5.50 in a report on Friday, July 17th. Weiss Ratings lowered shares of Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. Piper Sandler decreased their price target on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating for the company in a research report on Monday, August 3rd. Citizens Jmp dropped their price target on shares of Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating for the company in a research note on Thursday, May 14th. Finally, Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating on the stock in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $6.00.

About Arbor Realty Trust

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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