Azora Capital LP Takes Position in Arbor Realty Trust $ABR

Azora Capital LP purchased a new stake in shares of Arbor Realty Trust (NYSE:ABR) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 646,728 shares of the real estate investment trust’s stock, valued at approximately $7,897,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Arbor Realty Trust by 77.8% in the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,175 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Arbor Realty Trust during the third quarter valued at about $31,000. Rothschild Investment LLC increased its position in shares of Arbor Realty Trust by 1,264.6% during the third quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 3,035 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in shares of Arbor Realty Trust by 52.2% during the third quarter. Atlantic Union Bankshares Corp now owns 3,805 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,305 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 2.1%

NYSE:ABR opened at $7.67 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 394.59 and a current ratio of 394.59. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.95 and a beta of 1.36. Arbor Realty Trust has a one year low of $7.11 and a one year high of $12.57. The stock has a 50-day simple moving average of $7.85 and a 200 day simple moving average of $9.44.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a $0.30 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 15.6%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 218.18%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ABR shares. Piper Sandler reduced their price target on Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, December 22nd. Wall Street Zen upgraded Arbor Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. JPMorgan Chase & Co. cut their target price on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, December 4th. Keefe, Bruyette & Woods increased their target price on Arbor Realty Trust from $7.50 to $8.00 and gave the company an “underperform” rating in a research note on Wednesday, March 4th. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $9.50.

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.