PFG Investments LLC Grows Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

PFG Investments LLC raised its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 3.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 225,690 shares of the real estate investment trust’s stock after purchasing an additional 7,281 shares during the period. PFG Investments LLC owned 0.12% of Arbor Realty Trust worth $3,512,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Arbor Realty Trust by 75.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 688 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Arbor Realty Trust in the 1st quarter worth $27,000. PNC Financial Services Group Inc. raised its holdings in shares of 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 worth $108,000 after acquiring an additional 1,010 shares during the period. Signaturefd LLC boosted its position in shares of 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 last quarter. Finally, Sfmg LLC purchased a new stake in shares of Arbor Realty Trust in the first quarter valued at about $133,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ABR shares. Piper Sandler boosted their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Keefe, Bruyette & Woods upped their price objective on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. Raymond James raised their target price on 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. upped their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Finally, JMP Securities raised their price objective on 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 research 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. Based on data from MarketBeat.com, Arbor Realty Trust presently has an average rating of “Hold” and a consensus target price of $14.25.

Arbor Realty Trust Trading Down 1.9 %

NYSE:ABR traded down $0.29 during trading hours on Friday, reaching $15.12. 1,255,712 shares of the stock were exchanged, compared to its average volume of 3,913,653. Arbor Realty Trust, Inc. has a twelve month low of $11.77 and a twelve month high of $16.35. 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 business has a 50-day moving average of $14.48 and a two-hundred day moving average of $13.87. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.39 and a beta of 2.06.

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, beating analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $297.19 million during 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 period last year, the business posted $0.56 EPS. On average, equities analysts predict that Arbor Realty Trust, Inc. will post 1.7 EPS for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders 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 dividend on an annualized basis and a yield of 11.38%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

Arbor Realty Trust 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.