Arbor Realty Trust, Inc. (NYSE:ABR) Shares Bought by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 2,012.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,012 shares of the real estate investment trust’s stock after acquiring an additional 18,112 shares during the period. Sunbelt Securities Inc.’s holdings in Arbor Realty Trust were worth $273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. purchased a new position in Arbor Realty Trust during the 1st quarter valued at about $27,000. Scarborough Advisors LLC purchased a new position in shares of Arbor Realty Trust during the fourth quarter worth about $38,000. PNC Financial Services Group Inc. increased its position 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 period. Signaturefd LLC increased its holdings in shares of Arbor Realty Trust by 20.6% in the 2nd 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 period. Finally, Sfmg LLC acquired a new stake in shares of Arbor Realty Trust during the first quarter worth about $133,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

ABR has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods lifted their price objective on Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, July 10th. Raymond James increased their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, JMP Securities raised their target price on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Arbor Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $13.92.

Arbor Realty Trust Stock Performance

ABR opened at $15.02 on Thursday. Arbor Realty Trust, Inc. has a twelve month low of $11.77 and a twelve month 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. The stock has a market cap of $2.83 billion, a PE ratio of 9.33 and a beta of 2.05. The business’s 50 day moving average is $13.87 and its 200-day moving average is $13.61.

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

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 11.45%. The ex-dividend date of this dividend was Friday, August 16th. Arbor Realty Trust’s payout ratio is 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.