41,863,968 Shares in Arbor Realty Trust $ABR Bought by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC purchased approximately 41.86 million shares of Arbor Realty Trust, amounting to around $447.94 million, representing a 21.79% ownership in the company as per its latest SEC filing.
• Arbor Realty Trust recently missed earnings expectations with an EPS of $0.24, below the $0.27 forecast, while reporting a revenue of $27.44 million compared to expected $76.99 million.
• The company announced a quarterly dividend of $0.30, translating to an annualized dividend yield of 10.3%, despite a high payout ratio of 131.87%.

Kingstone Capital Partners Texas LLC purchased a new stake in Arbor Realty Trust (NYSE:ABR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 41,863,968 shares of the real estate investment trust's stock, valued at approximately $447,944,000. Kingstone Capital Partners Texas LLC owned approximately 21.79% of Arbor Realty Trust as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ABR. Deutsche Bank AG increased its holdings in Arbor Realty Trust by 47.3% during the 4th quarter. Deutsche Bank AG now owns 159,028 shares of the real estate investment trust's stock valued at $2,203,000 after acquiring an additional 51,053 shares in the last quarter. State of Wyoming purchased a new position in Arbor Realty Trust during the 4th quarter valued at about $97,000. Voloridge Investment Management LLC increased its holdings in Arbor Realty Trust by 4.4% during the 4th quarter. Voloridge Investment Management LLC now owns 629,298 shares of the real estate investment trust's stock valued at $8,716,000 after acquiring an additional 26,383 shares in the last quarter. PharVision Advisers LLC purchased a new position in Arbor Realty Trust during the 4th quarter valued at about $207,000. Finally, Novem Group purchased a new position in Arbor Realty Trust during the 4th quarter valued at about $239,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ABR. Keefe, Bruyette & Woods raised their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a "market perform" rating in a report on Tuesday, August 5th. Zacks Research downgraded shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Finally, JMP Securities decreased 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 research note on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Arbor Realty Trust has a consensus rating of "Reduce" and an average price target of $11.50.

Arbor Realty Trust Stock Up 1.2%

Shares of ABR traded up $0.15 during mid-day trading on Tuesday, reaching $11.89. 747,080 shares of the stock traded hands, compared to its average volume of 3,302,983. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 13.07 and a beta of 1.35. The stock has a fifty day simple moving average of $11.71 and a 200 day simple moving average of $11.15. Arbor Realty Trust has a 12-month low of $8.43 and a 12-month high of $15.94. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.03). The firm had revenue of $27.44 million for the quarter, compared to analysts' expectations of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. Sell-side analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.1%. 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.