Louisiana State Employees Retirement System Grows Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Louisiana State Employees Retirement System increased its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,800 shares of the real estate investment trust’s stock after acquiring an additional 1,400 shares during the quarter. Louisiana State Employees Retirement System owned about 0.05% of Arbor Realty Trust worth $1,360,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Arbor Realty Trust during the fourth quarter valued at about $1,540,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Arbor Realty Trust by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,066 shares of the real estate investment trust’s stock valued at $699,000 after purchasing an additional 7,853 shares in the last quarter. Handelsbanken Fonder AB increased its position in Arbor Realty Trust by 3.4% in the fourth quarter. Handelsbanken Fonder AB now owns 30,800 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 1,000 shares during the last quarter. Yousif Capital Management LLC raised its stake in Arbor Realty Trust by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 93,220 shares of the real estate investment trust’s stock valued at $1,415,000 after purchasing an additional 845 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Arbor Realty Trust by 32.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 207,505 shares of the real estate investment trust’s stock valued at $3,150,000 after purchasing an additional 51,062 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock opened at $13.33 on Monday. The company has a debt-to-equity ratio of 3.14, a current ratio of 36.63 and a quick ratio of 36.63. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 8.28 and a beta of 2.03. The firm has a 50-day moving average of $13.77 and a two-hundred day moving average of $13.35. Arbor Realty Trust, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The company 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 17.04% and a net margin of 26.05%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, research analysts forecast that Arbor Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.72 annualized dividend and a dividend yield of 12.90%. Arbor Realty Trust’s payout ratio is currently 106.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ABR shares. JMP Securities decreased their target price on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 20th. Piper Sandler upped their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. cut their target price on 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. Keefe, Bruyette & Woods raised their target price on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, July 10th. Finally, Wedbush reiterated a “neutral” rating and set a $13.00 price target on shares of Arbor Realty Trust in a report on Monday, May 6th. Two equities 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.com, the company has an average rating of “Hold” and a consensus price target of $13.40.

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.