Odyssean LLC Boosts Stock Position in Arbor Realty Trust $ABR

Key Points

• Odyssean LLC increased its Arbor Realty Trust position by 227.4% in the second quarter, holding 570,598 shares valued at approximately $3.09 million. Institutional investors collectively own 57.25% of the stock.
• Analyst sentiment remains weak, with one Buy, one Hold and four Sell ratings; the consensus rating is “Reduce” with an average price target of $6.00. Shares recently opened at $5.17, near their 12-month low.
• Arbor Realty Trust beat quarterly earnings estimates, reporting $0.10 in EPS versus expectations of $0.05, while declaring a $0.17 quarterly dividend. The annualized dividend yield is approximately 13.1%, though the payout ratio is an unusually high 971.43%.

Odyssean LLC grew its holdings in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 227.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 570,598 shares of the real estate investment trust's stock after purchasing an additional 396,292 shares during the quarter. Odyssean LLC owned approximately 0.31% of Arbor Realty Trust worth $3,093,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Miller Value Partners LLC purchased a new position in shares of Arbor Realty Trust in the 2nd quarter worth about $3,312,000. Jupiter Topco LLC purchased a new stake in Arbor Realty Trust during the second quarter worth about $466,000. Legal & General Group Plc purchased a new stake in Arbor Realty Trust during the second quarter worth about $2,326,000. The Manufacturers Life Insurance Company bought a new stake in Arbor Realty Trust in the second quarter worth about $470,000. Finally, Algert Global LLC bought a new stake in Arbor Realty Trust in the second quarter worth about $2,036,000. 57.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ABR shares. Weiss Ratings lowered shares of Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods dropped their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating on the stock in a research note on Monday, August 3rd. Citizens Jmp reduced their price objective on Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating for the company in a report on Thursday, May 14th. Piper Sandler lowered their target price on Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating on the stock in a research note on Monday, August 3rd. Finally, Zacks Research downgraded Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $6.00.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $5.17 on Wednesday. The firm's 50 day moving average is $5.13 and its 200 day moving average is $6.42. The stock has a market capitalization of $965.45 million, a P/E ratio of 73.93 and a beta of 1.15. Arbor Realty Trust has a 12 month low of $4.73 and a 12 month high of $12.57. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33.

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 for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The business had revenue of $117.83 million during the quarter, compared to analyst estimates of $107.75 million. On average, sell-side analysts anticipate that Arbor Realty Trust will post 0.29 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.17 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 13.1%. Arbor Realty Trust's payout ratio is 971.43%.

Arbor Realty Trust Company 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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