Van ECK Associates Corp Sells 115,010 Shares of Arbor Realty Trust $ABR

Van ECK Associates Corp cut its holdings in shares of Arbor Realty Trust (NYSE:ABR) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,837,250 shares of the real estate investment trust’s stock after selling 115,010 shares during the quarter. Van ECK Associates Corp owned approximately 0.98% of Arbor Realty Trust worth $9,958,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ABR. BlackRock Inc. purchased a new stake in shares of Arbor Realty Trust during the second quarter worth about $143,448,000. Balyasny Asset Management L.P. raised its stake in Arbor Realty Trust by 296.8% during the 4th 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 purchased a new position in Arbor Realty Trust in the 2nd quarter worth approximately $7,702,000. Schonfeld Strategic Advisors LLC bought a new position in Arbor Realty Trust in the 4th quarter worth approximately $10,219,000. Finally, Wasatch Advisors LP boosted its stake in Arbor Realty Trust by 19.2% in the 3rd 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 period. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Arbor Realty Trust

In other news, Director William C. Green purchased 25,951 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the acquisition, the director owned 231,369 shares of the company’s stock, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $4.95 on Wednesday. The business’s 50 day moving average price is $5.12 and its 200-day moving average price is $6.33. Arbor Realty Trust has a fifty-two week low of $4.73 and a fifty-two week high of $12.57. The company has a market cap of $923.47 million, a P/E ratio of 70.71 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Arbor Realty Trust will post 0.29 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 13.7%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is 971.43%.

Arbor Realty Trust 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.