Miller Value Partners LLC Takes $3.31 Million Position in Arbor Realty Trust $ABR

Miller Value Partners LLC bought a new position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 611,000 shares of the real estate investment trust's stock, valued at approximately $3,312,000. Miller Value Partners LLC owned approximately 0.33% of Arbor Realty Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Arbor Realty Trust in the 2nd quarter valued at approximately $143,448,000. State Street Corp grew its holdings in shares of Arbor Realty Trust by 1.4% during the 4th quarter. State Street Corp now owns 7,469,100 shares of the real estate investment trust's stock worth $57,960,000 after purchasing an additional 101,730 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Arbor Realty Trust by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,651,016 shares of the real estate investment trust's stock valued at $36,098,000 after purchasing an additional 78,068 shares during the period. Wasatch Advisors LP increased its position in shares of Arbor Realty Trust by 19.2% during the third quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust's stock valued at $49,541,000 after purchasing an additional 654,583 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in shares of Arbor Realty Trust by 296.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust's stock valued at $29,765,000 after purchasing an additional 2,869,132 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citizens Jmp reduced their target price 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. Piper Sandler dropped their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating for the company in a research note on Monday, August 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an "underweight" rating to a "neutral" rating and reduced their price objective for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Finally, Weiss Ratings lowered shares of Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $6.00.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $5.17 on Wednesday. The stock's fifty day simple moving average is $5.13 and its 200 day simple moving average is $6.42. Arbor Realty Trust has a one year low of $4.73 and a one year high of $12.57. The firm has a market cap of $965.45 million, a price-to-earnings ratio of 73.93 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 quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $117.83 million during the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. On average, analysts expect 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 will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.1%. Arbor Realty Trust's dividend payout ratio (DPR) is 971.43%.

Arbor Realty Trust 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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