Creative Planning Boosts Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Creative Planning grew its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,179 shares of the real estate investment trust’s stock after purchasing an additional 4,184 shares during the quarter. Creative Planning’s holdings in Arbor Realty Trust were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ABR. GAMMA Investing LLC raised its stake in Arbor Realty Trust by 75.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 688 shares during the period. Signaturefd LLC raised its position in shares of Arbor Realty Trust by 20.6% during the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 1,504 shares during the last quarter. Sfmg LLC purchased a new position in shares of Arbor Realty Trust in the first quarter worth $133,000. AE Wealth Management LLC bought a new position in shares of Arbor Realty Trust during the second quarter worth $147,000. Finally, Sei Investments Co. purchased a new position in Arbor Realty Trust during the second quarter valued at $169,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Down 0.9 %

Shares of NYSE:ABR opened at $14.70 on Tuesday. The firm has a market capitalization of $2.77 billion, a PE ratio of 10.21 and a beta of 2.06. The business has a 50 day simple moving average of $14.67 and a two-hundred day simple moving average of $13.99. Arbor Realty Trust, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35. 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 (NYSE:ABR) last released its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $297.19 million during the quarter, compared to the consensus estimate 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 company earned $0.56 earnings per share. On average, equities analysts predict that Arbor Realty Trust, Inc. will post 1.69 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date of this dividend is Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 118.62%.

Analyst Ratings Changes

Several brokerages have commented on ABR. JPMorgan Chase & Co. boosted their price target on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Piper Sandler boosted their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods lifted their price objective on 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. Raymond James increased their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Finally, JMP Securities boosted their price target on shares of 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.25.

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.