National Bank of Canada FI Sells 1,475 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

National Bank of Canada FI decreased its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 37.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,494 shares of the real estate investment trust’s stock after selling 1,475 shares during the quarter. National Bank of Canada FI’s holdings in Arbor Realty Trust were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Navis Wealth Advisors LLC boosted its position in Arbor Realty Trust by 3.3% during the first quarter. Navis Wealth Advisors LLC now owns 24,369 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 785 shares during the last quarter. Comerica Bank boosted its holdings in shares of Arbor Realty Trust by 1.0% in the 4th quarter. Comerica Bank now owns 96,931 shares of the real estate investment trust’s stock valued at $1,471,000 after buying an additional 980 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Arbor Realty Trust by 16.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 1,010 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Arbor Realty Trust by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock worth $1,360,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Arbor Realty Trust by 20.6% in the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 1,504 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Analysts Set New Price Targets

ABR has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price objective on Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, July 16th. JMP Securities reduced their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, June 20th. Finally, Piper Sandler increased their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.40.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $14.46 on Monday. The stock has a 50 day simple moving average of $13.55 and a 200 day simple moving average of $13.41. The stock has a market cap of $2.73 billion, a P/E ratio of 8.98 and a beta of 2.05. Arbor Realty Trust, Inc. has a 1-year low of $11.77 and a 1-year high of $16.35. The company has a current ratio of 37.31, a quick ratio of 37.31 and a debt-to-equity ratio of 2.78.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. The company had revenue of $297.19 million during the quarter, compared to the consensus estimate of $300.69 million. During the same quarter last year, the firm earned $0.56 earnings per share. Research analysts anticipate that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.72 annualized dividend and a dividend yield of 11.89%. Arbor Realty Trust’s dividend payout ratio is presently 106.83%.

Arbor Realty Trust Company Profile

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.