LPL Financial LLC Trims Holdings in Arbor Realty Trust (NYSE:ABR)

Key Points

• LPL Financial LLC reduced its stake in Arbor Realty Trust by 8.6%, selling 51,493 shares and holding 545,427 shares worth approximately $6.4 million at the end of the first quarter.
• CEO Ivan Kaufman purchased 60,000 shares of Arbor Realty Trust for $522,000, increasing his total ownership to nearly $17.3 million.
• Arbor Realty Trust announced a quarterly dividend of $0.30 per share, yielding 10.1% annually, with the payout ratio currently at 131.87%.

LPL Financial LLC decreased its position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,427 shares of the real estate investment trust's stock after selling 51,493 shares during the quarter. LPL Financial LLC owned about 0.28% of Arbor Realty Trust worth $6,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABR. Dunhill Financial LLC bought a new position in shares of Arbor Realty Trust in the fourth quarter valued at approximately $29,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Arbor Realty Trust in the first quarter valued at approximately $31,000. Bernard Wealth Management Corp. bought a new position in shares of Arbor Realty Trust in the fourth quarter valued at approximately $36,000. GAMMA Investing LLC lifted its holdings in shares of Arbor Realty Trust by 223.0% in the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 2,308 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Arbor Realty Trust by 249.6% in the fourth quarter. Quarry LP now owns 3,531 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 2,521 shares in the last quarter. Institutional investors own 57.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ABR shares. JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. Keefe, Bruyette & Woods lifted their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a report on Tuesday, August 5th.

Insider Transactions at Arbor Realty Trust

In other news, CEO Ivan Kaufman bought 60,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $8.70 per share, with a total value of $522,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,989,816 shares of the company's stock, valued at $17,311,399.20. This represents a 3.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 210,000 shares of company stock valued at $1,942,000 over the last three months. Company insiders own 3.80% of the company's stock.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock traded down $0.31 during mid-day trading on Friday, reaching $11.61. 3,034,673 shares of the company's stock were exchanged, compared to its average volume of 2,907,353. The business's fifty day simple moving average is $11.13 and its 200 day simple moving average is $11.42. The firm has a market capitalization of $2.23 billion, a PE ratio of 12.76 and a beta of 1.37. Arbor Realty Trust has a one year low of $8.43 and a one year 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 issued its quarterly 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 business had revenue of $27.44 million for the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. On average, sell-side analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

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