Perbak Capital Partners LLP Acquires Shares of 30,742 Arbor Realty Trust $ABR

Key Points

• Perbak Capital Partners LLP has invested $361,000 in Arbor Realty Trust, acquiring 30,742 shares of the company during the first quarter.
• Arbor Realty Trust's recent earnings report showed an EPS of $0.24, which missed the consensus estimate of $0.27, reflecting ongoing challenges despite a market cap of $2.30 billion.
• The company announced a quarterly dividend of $0.30, yielding 10.1%, although its payout ratio stands at 131.87%, indicating a potential sustainability concern.

Perbak Capital Partners LLP acquired a new position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 30,742 shares of the real estate investment trust's stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of Arbor Realty Trust by 3.5% during the 1st quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust's stock worth $1,553,000 after acquiring an additional 4,470 shares during the period. Palogic Value Management L.P. lifted its holdings in shares of Arbor Realty Trust by 13.4% during the 1st quarter. Palogic Value Management L.P. now owns 106,895 shares of the real estate investment trust's stock worth $1,256,000 after acquiring an additional 12,597 shares during the period. Samalin Investment Counsel LLC bought a new position in shares of Arbor Realty Trust during the 1st quarter worth about $125,000. Capital Fund Management S.A. bought a new position in shares of Arbor Realty Trust during the 1st quarter worth about $992,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Arbor Realty Trust during the 1st quarter worth about $65,000. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Price Performance

ABR stock traded up $0.29 during trading on Friday, hitting $12.16. 2,802,850 shares of the stock traded hands, compared to its average volume of 2,288,920. Arbor Realty Trust has a one year low of $8.43 and a one year high of $15.94. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 13.37 and a beta of 1.35. The company has a 50 day simple moving average of $11.54 and a 200 day simple moving average of $11.18. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $76.99 million. Equities analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.9%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust's dividend payout ratio (DPR) is presently 131.87%.

Analysts Set New Price Targets

A number of research firms have recently commented on ABR. Zacks Research downgraded shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. JMP Securities cut their price target on shares of 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a "market perform" rating in a report on Tuesday, August 5th. One 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. Based on data from MarketBeat.com, Arbor Realty Trust has a consensus rating of "Reduce" and a consensus price target 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.