Freestone Grove Partners LP Invests $1.35 Million in Arbor Realty Trust $ABR

Key Points

• Freestone Grove Partners acquired 248,899 Arbor Realty Trust shares worth approximately $1.35 million, representing about 0.13% of the REIT; institutional investors collectively own 57.25% of the stock.
• Analyst sentiment remains negative, with a consensus “Reduce” rating and a $6.00 price target. ABR recently traded near $5.08, within a 12-month range of $4.73 to $12.57.
• Arbor Realty Trust exceeded quarterly earnings and revenue estimates, reporting $0.10 in EPS and $117.83 million in revenue. It also paid a quarterly dividend of $0.17, implying a 13.4% annualized yield, though its payout ratio was exceptionally high at 971.43%.

Freestone Grove Partners LP purchased a new stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 248,899 shares of the real estate investment trust's stock, valued at approximately $1,349,000. Freestone Grove Partners LP owned about 0.13% of Arbor Realty Trust at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ABR. 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 during the period. Bessemer Group Inc. purchased a new position in Arbor Realty Trust during the first quarter worth about $29,000. Quantbot Technologies LP acquired a new position in Arbor Realty Trust in the 2nd quarter valued at about $46,000. Larson Financial Group LLC boosted its holdings in 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 valued at $54,000 after purchasing an additional 2,193 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake 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 valued at $50,000 after buying an additional 1,782 shares during the period. Hedge funds and other institutional investors own 57.25% of the company's stock.

Wall Street Analysts Forecast Growth

ABR has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. Zacks Research cut Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Thursday, July 16th. Citizens Jmp lowered their price objective on Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating for the company in a research report on Thursday, May 14th. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an "underweight" rating to a "neutral" rating and lowered their price target for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Finally, 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 report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $6.00.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $5.08 on Friday. The business has a 50-day moving average of $5.12 and a 200 day moving average of $6.38. Arbor Realty Trust has a 12 month low of $4.73 and a 12 month high of $12.57. The stock has a market capitalization of $947.72 million, a price-to-earnings ratio of 72.57 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85.

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

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders 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 annualized dividend and a dividend yield of 13.4%. Arbor Realty Trust's dividend payout ratio (DPR) is presently 971.43%.

Arbor Realty Trust Company 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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