Palogic Value Management L.P. Takes Position in Arbor Realty Trust $ABR

Palogic Value Management L.P. bought a new position in shares of Arbor Realty Trust (NYSE:ABR) in the 2nd quarter, Holdings Channel reports. The fund bought 274,127 shares of the real estate investment trust’s stock, valued at approximately $1,486,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Arbor Realty Trust during the 2nd quarter valued at approximately $143,448,000. Balyasny Asset Management L.P. increased its holdings in shares of Arbor Realty Trust by 296.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock valued at $29,765,000 after purchasing an additional 2,869,132 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Arbor Realty Trust in the second quarter valued at approximately $7,702,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Arbor Realty Trust during the fourth quarter worth approximately $10,219,000. Finally, Wasatch Advisors LP raised its stake in shares of Arbor Realty Trust by 19.2% during the third quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after purchasing an additional 654,583 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 1.6%

Shares of ABR stock opened at $5.07 on Thursday. The business’s fifty day moving average price is $5.13 and its 200 day moving average price is $6.41. The firm has a market capitalization of $945.86 million, a PE ratio of 72.43 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. Arbor Realty Trust has a 1-year low of $4.73 and a 1-year high of $12.57.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $117.83 million during the quarter, compared to the consensus estimate of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. As a group, sell-side analysts forecast that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.17 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 13.4%. Arbor Realty Trust’s dividend payout ratio (DPR) is 971.43%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.50 in a report on Friday, July 17th. Piper Sandler lowered their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of 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. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $6.00.

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.