Vanguard Group Inc. Trims Holdings in Arbor Realty Trust $ABR

Vanguard Group Inc. decreased its position in shares of Arbor Realty Trust (NYSE:ABR) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,604,512 shares of the real estate investment trust’s stock after selling 731,428 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Arbor Realty Trust worth $144,371,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ABR. Amalgamated Bank lifted its position in shares of Arbor Realty Trust by 1.9% in the third quarter. Amalgamated Bank now owns 55,643 shares of the real estate investment trust’s stock valued at $679,000 after acquiring an additional 1,062 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Arbor Realty Trust by 6.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,175 shares during the period. Geneos Wealth Management Inc. raised its stake in Arbor Realty Trust by 33.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,276 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its holdings in Arbor Realty Trust by 52.2% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 3,805 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,305 shares in the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 7.8%

Shares of ABR opened at $6.65 on Tuesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 394.59. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 17.04 and a beta of 1.24. Arbor Realty Trust has a 1 year low of $6.60 and a 1 year high of $12.57. The business’s 50 day simple moving average is $7.83 and its 200-day simple moving average is $8.27.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.09). The business had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. As a group, equities analysts expect that Arbor Realty Trust will post 0.77 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.2%. Arbor Realty Trust’s dividend payout ratio is presently 307.69%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ABR shares. Citizens Jmp dropped their price target on Arbor Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 2nd. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Keefe, Bruyette & Woods raised their target price on shares of 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, Weiss Ratings downgraded shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.00.

About Arbor Realty Trust

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.