Strs Ohio Buys New Shares in Arbor Realty Trust $ABR

Key Points

• Strs Ohio has acquired a new stake in Arbor Realty Trust, purchasing 34,400 shares valued at approximately $404,000 in the first quarter.
• The company recently announced a quarterly dividend of $0.30 per share, representing an annual yield of 10.2% with a payout ratio of 131.87%.
• Arbor Realty Trust reported earnings of $0.24 per share for the last quarter, missing expectations by $0.03, and had a revenue of $27.44 million compared to analyst forecasts of $76.99 million.

Strs Ohio purchased a new stake in shares of Arbor Realty Trust (NYSE:ABR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 34,400 shares of the real estate investment trust's stock, valued at approximately $404,000.

Other institutional investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Arbor Realty Trust in the 1st quarter worth about $31,000. Bernard Wealth Management Corp. bought a new stake in shares of Arbor Realty Trust in the fourth quarter worth approximately $36,000. GAMMA Investing LLC grew its stake in shares of Arbor Realty Trust by 223.0% in 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 during the period. Jones Financial Companies Lllp grew its stake in shares of Arbor Realty Trust by 25,163.2% in the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 4,781 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Arbor Realty Trust in the first quarter worth approximately $65,000. Hedge funds and other institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Trading Down 1.1%

Shares of ABR opened at $11.75 on Tuesday. The company's fifty day moving average is $11.71 and its 200 day moving average is $11.15. Arbor Realty Trust has a fifty-two week low of $8.43 and a fifty-two week high of $15.94. The stock has a market capitalization of $2.26 billion, a PE ratio of 12.91 and a beta of 1.35. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37.

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 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 the consensus estimate of $76.99 million. Sell-side analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed 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 payout ratio is 131.87%.

Analyst Ratings Changes

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

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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