The Manufacturers Life Insurance Company Purchases 5,154 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

The Manufacturers Life Insurance Company increased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 5.3% during the second quarter, HoldingsChannel.com reports. The fund owned 102,681 shares of the real estate investment trust’s stock after acquiring an additional 5,154 shares during the period. The Manufacturers Life Insurance Company’s holdings in Arbor Realty Trust were worth $1,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABR. UniSuper Management Pty Ltd purchased a new stake in shares of Arbor Realty Trust in the 1st quarter valued at $667,000. Vanguard Group Inc. raised its holdings in Arbor Realty Trust by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock valued at $286,612,000 after buying an additional 235,364 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Arbor Realty Trust by 6.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock valued at $17,724,000 after buying an additional 78,154 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Arbor Realty Trust by 8.4% in the 1st 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Arbor Realty Trust by 7.6% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $15.36 on Friday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 9.54 and a beta of 2.06. The company has a quick ratio of 37.31, a current ratio of 37.31 and a debt-to-equity ratio of 2.78. The company has a 50 day moving average price of $14.10 and a 200 day moving average price of $13.70. Arbor Realty Trust, Inc. has a 52 week low of $11.77 and a 52 week high of $16.35.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $297.19 million for the quarter, compared to analysts’ expectations of $300.69 million. During the same quarter last year, the company earned $0.56 EPS. Sell-side analysts expect that Arbor Realty Trust, Inc. will post 1.7 EPS for the current year.

Arbor Realty Trust Announces Dividend

The business also recently declared 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 11.20%. Arbor Realty Trust’s dividend payout ratio is presently 106.83%.

Analysts Set New Price Targets

ABR has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, July 16th. Keefe, Bruyette & Woods increased 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. Piper Sandler increased 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. Raymond James raised their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, JMP Securities raised their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Arbor Realty Trust has a consensus rating of “Hold” and an average price target of $13.92.

About Arbor Realty Trust

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.