Arizona State Retirement System Buys 968 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Arizona State Retirement System grew its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,773 shares of the real estate investment trust’s stock after acquiring an additional 968 shares during the quarter. Arizona State Retirement System’s holdings in Arbor Realty Trust were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Arbor Realty Trust by 22.3% in the fourth quarter. Victory Capital Management Inc. now owns 37,439 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 6,836 shares during the last quarter. Natixis Advisors L.P. acquired a new position in Arbor Realty Trust in the 4th quarter worth approximately $218,000. National Bank of Canada FI acquired a new position in Arbor Realty Trust during the fourth quarter valued at $58,000. Charles Schwab Investment Management Inc. boosted its position in Arbor Realty Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,020,466 shares of the real estate investment trust’s stock worth $30,671,000 after purchasing an additional 96,367 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Arbor Realty Trust by 5.0% during the fourth quarter. Teacher Retirement System of Texas now owns 37,065 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 1,750 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Up 3.3 %

ABR opened at $14.46 on Friday. Arbor Realty Trust, Inc. has a one year low of $11.77 and a one year high of $16.35. The company has a debt-to-equity ratio of 2.78, a quick ratio of 37.31 and a current ratio of 37.31. The stock has a market capitalization of $2.73 billion, a P/E ratio of 8.98 and a beta of 2.05. The business’s 50-day simple moving average is $13.55 and its 200-day simple moving average is $13.41.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share 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 quarter in the previous year, the business earned $0.56 earnings per share. Analysts anticipate that Arbor Realty Trust, Inc. will post 1.7 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 11.89%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s payout ratio is currently 106.83%.

Wall Street Analysts Forecast Growth

ABR has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research note on Monday, August 5th. JMP Securities lowered their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, June 20th. Keefe, Bruyette & Woods boosted their price target 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, JPMorgan Chase & Co. reduced 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 report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and an average 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.