QRG Capital Management Inc. Lowers Holdings in Arbor Realty Trust $ABR

Key Points

• QRG Capital Management Inc. has reduced its holdings in Arbor Realty Trust (NYSE:ABR) by 13.8%, owning 191,493 shares after selling 30,681 shares in the second quarter.
• During the same period, other institutional investors also increased their stakes, with notable purchases by Signaturefd LLC and the State of Alaska Department of Revenue, highlighting increased interest in the stock.
• Arbor Realty Trust reported earnings of $0.24 per share, missing expectations, alongside a quarterly dividend announcement with a yield of 9.9%.

QRG Capital Management Inc. trimmed its holdings in Arbor Realty Trust (NYSE:ABR - Free Report) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 191,493 shares of the real estate investment trust's stock after selling 30,681 shares during the quarter. QRG Capital Management Inc. owned 0.10% of Arbor Realty Trust worth $2,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ABR. Ameritas Advisory Services LLC purchased a new position in Arbor Realty Trust during the second quarter valued at approximately $32,000. Signaturefd LLC grew its stake in shares of Arbor Realty Trust by 40.8% during the 2nd quarter. Signaturefd LLC now owns 8,677 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 2,513 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Arbor Realty Trust by 9.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 114,372 shares of the real estate investment trust's stock worth $1,223,000 after purchasing an additional 9,866 shares during the period. Palumbo Wealth Management LLC grew its stake in shares of Arbor Realty Trust by 40.2% during the 2nd quarter. Palumbo Wealth Management LLC now owns 20,960 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 6,010 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Arbor Realty Trust during the second quarter worth $447,944,000. Institutional investors and hedge funds own 57.25% of the company's stock.

Analyst Upgrades and Downgrades

ABR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a report on Tuesday, August 5th. Zacks Research upgraded Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Arbor Realty Trust in a report on Saturday, September 27th. Finally, JMP Securities dropped their price objective on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $11.50.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $12.12 on Wednesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The company has a 50 day moving average price of $11.83 and a 200 day moving average price of $11.15. Arbor Realty Trust has a fifty-two week low of $8.43 and a fifty-two week high of $15.76. The stock has a market capitalization of $2.33 billion, a P/E ratio of 13.31 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $27.44 million during the quarter, compared to analysts' expectations of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. Equities research analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

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

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.

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