MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 104,436 Shares of Arbor Realty Trust $ABR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Arbor Realty Trust by 12.7%, acquiring an additional 104,436 shares, and now holds a total of 923,933 shares worth approximately $10.86 million.
• Arbor Realty Trust's recent earnings report indicated an EPS of $0.24, which was below the expected $0.27, alongside a significant revenue miss with $27.44 million against the consensus of $76.99 million.
• The company recently announced a dividend of $0.30 per share, leading to an annualized dividend yield of 10.1%, despite a high payout ratio of 131.87%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Arbor Realty Trust (NYSE:ABR - Free Report) by 12.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 923,933 shares of the real estate investment trust's stock after acquiring an additional 104,436 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.48% of Arbor Realty Trust worth $10,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Arbor Realty Trust by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust's stock worth $29,952,000 after acquiring an additional 56,002 shares during the period. Invesco Ltd. grew its holdings in Arbor Realty Trust by 30.3% during the 1st quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock valued at $25,827,000 after buying an additional 510,772 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Arbor Realty Trust by 7.5% during the 1st quarter. Raymond James Financial Inc. now owns 1,239,259 shares of the real estate investment trust's stock valued at $14,561,000 after buying an additional 86,411 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Arbor Realty Trust by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust's stock valued at $11,032,000 after buying an additional 24,428 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Arbor Realty Trust by 393.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,976 shares of the real estate investment trust's stock valued at $9,129,000 after buying an additional 619,473 shares in the last quarter. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Trading Down 0.6%

Shares of Arbor Realty Trust stock traded down $0.08 on Monday, reaching $11.63. The company had a trading volume of 468,728 shares, compared to its average volume of 3,324,834. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 12.78 and a beta of 1.35. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. The firm's 50-day moving average price is $11.63 and its two-hundred day moving average price is $11.18. Arbor Realty Trust has a 1 year low of $8.43 and a 1 year high of $15.94.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its 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 company had revenue of $27.44 million during the quarter, compared to analysts' expectations of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. As a group, research analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.30 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.3%. Arbor Realty Trust's payout ratio is 131.87%.

Wall Street Analysts Forecast Growth

ABR has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price target on 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 cut Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Finally, JMP Securities cut their price target on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Arbor Realty Trust has a consensus rating of "Reduce" and an average target price of $12.63.

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.