Cetera Investment Advisers Sells 37,675 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Cetera Investment Advisers lowered its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 17.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 182,884 shares of the real estate investment trust’s stock after selling 37,675 shares during the period. Cetera Investment Advisers owned approximately 0.10% of Arbor Realty Trust worth $2,624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. bought a new position in Arbor Realty Trust during the 1st quarter valued at about $27,000. Scarborough Advisors LLC bought a new position in Arbor Realty Trust during the 4th quarter valued at about $38,000. PNC Financial Services Group Inc. lifted its stake in Arbor Realty Trust by 16.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,010 shares during the period. Signaturefd LLC lifted its stake in Arbor Realty Trust by 20.6% during 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 bought a new position in Arbor Realty Trust during the 1st quarter valued at about $133,000. Institutional investors own 57.25% of the company’s stock.

Analysts Set New Price Targets

ABR has been the topic of several recent research reports. JPMorgan Chase & Co. lowered 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 note on Tuesday, July 16th. Raymond James increased their price objective 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. JMP Securities increased 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 research note on Friday, September 27th. Keefe, Bruyette & Woods increased their price objective on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 10th. Finally, Piper Sandler raised their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arbor Realty Trust presently has an average rating of “Hold” and an average target price of $13.92.

Arbor Realty Trust Trading Down 1.9 %

Shares of ABR opened at $15.06 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 37.31 and a quick ratio of 37.31. Arbor Realty Trust, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35. The company has a 50 day simple moving average of $14.13 and a two-hundred day simple moving average of $13.72. The firm has a market cap of $2.84 billion, a P/E ratio of 10.38 and a beta of 2.06.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data 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 company had revenue of $297.19 million during the quarter, compared to analyst estimates of $300.69 million. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. During the same period in the previous year, the firm earned $0.56 earnings per share. On average, equities analysts expect that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 16th. This represents a $1.72 annualized dividend and a dividend yield of 11.42%. Arbor Realty Trust’s dividend payout ratio (DPR) is 118.62%.

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.