Creative Planning Boosts Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Creative Planning grew its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 9.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 34,995 shares of the real estate investment trust’s stock after buying an additional 2,902 shares during the period. Creative Planning’s holdings in Arbor Realty Trust were worth $502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UniSuper Management Pty Ltd bought a new stake in Arbor Realty Trust in the first quarter worth $667,000. Vanguard Group Inc. lifted its stake in Arbor Realty Trust by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock worth $286,612,000 after purchasing an additional 235,364 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Arbor Realty Trust by 6.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock worth $17,724,000 after purchasing an additional 78,154 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Arbor Realty Trust by 8.4% in the first quarter. Avantax Advisory Services Inc. now owns 33,321 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 2,568 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Arbor Realty Trust by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 95,129 shares of the real estate investment trust’s stock worth $1,261,000 after purchasing an additional 6,697 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ABR shares. Raymond James boosted their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a research report on Tuesday, July 16th. Piper Sandler boosted 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. JMP Securities boosted their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research report on Friday, September 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.92.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $15.25 on Tuesday. Arbor Realty Trust, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35. The company has a debt-to-equity ratio of 2.78, a current ratio of 37.31 and a quick ratio of 37.31. The company’s 50-day moving average is $14.17 and its 200 day moving average is $13.74. The stock has a market capitalization of $2.87 billion, a P/E ratio of 9.47 and a beta of 2.06.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. The company had revenue of $297.19 million for the quarter, compared to analysts’ expectations of $300.69 million. During the same quarter in the previous year, the company earned $0.56 earnings per share. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 11.28%. The ex-dividend date of this dividend was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio (DPR) 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.