MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 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. grew its stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other institutional investors have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Arbor Realty Trust during the first quarter worth $31,000. Bernard Wealth Management Corp. purchased a new stake in shares of Arbor Realty Trust during the fourth quarter worth $36,000. GAMMA Investing LLC lifted its position in shares of Arbor Realty Trust by 223.0% during the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 2,308 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Arbor Realty Trust during the first quarter worth $65,000. Finally, Financial Network Wealth Advisors LLC purchased a new stake in shares of Arbor Realty Trust during the first quarter worth $88,000. Hedge funds and other institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Price Performance

NYSE ABR traded down $0.18 during trading hours on Friday, reaching $11.71. 1,758,396 shares of the stock traded hands, compared to its average volume of 1,982,106. The stock has a 50 day simple moving average of $11.63 and a two-hundred day simple moving average of $11.18. Arbor Realty Trust has a 1 year low of $8.43 and a 1 year high of $15.94. 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 company has a market cap of $2.25 billion, a price-to-earnings ratio of 12.87 and a beta of 1.35.

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

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given 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 yield of 10.2%. Arbor Realty Trust's dividend payout ratio (DPR) is presently 131.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ABR shares. JMP Securities dropped their target price on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods increased their price objective on Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. Finally, Zacks Research downgraded Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $12.63.

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.