Janney Montgomery Scott LLC Sells 44,726 Shares of Arbor Realty Trust $ABR

Key Points

• Janney Montgomery Scott LLC reduced its stake in Arbor Realty Trust by 62.1%, selling 44,726 shares during the second quarter, leaving them with 27,298 shares valued at $292,000.
• Arbor Realty Trust recently declared a quarterly dividend of $0.30, representing an annualized dividend of $1.20 and a yield of 10.3%, although the company has a dividend payout ratio of 131.87%.
• Analyst ratings for Arbor Realty Trust show mixed opinions, with a consensus rating of "Reduce" and a target price of $11.63, as some analysts have upgraded and others have downgraded their forecasts.

Janney Montgomery Scott LLC lowered its stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 62.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,298 shares of the real estate investment trust's stock after selling 44,726 shares during the quarter. Janney Montgomery Scott LLC's holdings in Arbor Realty Trust were worth $292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in Arbor Realty Trust during the first quarter worth $31,000. GAMMA Investing LLC increased its holdings in Arbor Realty Trust by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 2,308 shares during the period. Jones Financial Companies Lllp increased its holdings in Arbor Realty Trust by 25,163.2% in the 1st quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 4,781 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Arbor Realty Trust in the 1st quarter valued at $65,000. Finally, Financial Network Wealth Advisors LLC bought a new stake in Arbor Realty Trust in the 1st quarter valued at $88,000. Institutional investors own 57.25% of the company's stock.

Analyst Upgrades and Downgrades

ABR has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company an "underweight" rating in a report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Arbor Realty Trust in a report on Tuesday, October 14th. Zacks Research raised shares of Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. JMP Securities lowered their price target on shares of Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 19th. Finally, Wall Street Zen raised shares of Arbor Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $11.63.

Arbor Realty Trust Stock Down 2.1%

Shares of NYSE:ABR opened at $11.63 on Monday. Arbor Realty Trust has a 12 month low of $8.43 and a 12 month high of $15.76. The company's 50-day moving average price is $11.86 and its two-hundred day moving average price is $11.14. 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 firm has a market cap of $2.24 billion, a P/E ratio of 12.77 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings data 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). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The company had revenue of $27.44 million for the quarter, compared to the consensus estimate of $76.99 million. As a group, research analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

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

Arbor Realty Trust Company Profile

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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