National Bank of Canada FI Sells 1,475 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

National Bank of Canada FI lessened its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 37.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,494 shares of the real estate investment trust’s stock after selling 1,475 shares during the quarter. National Bank of Canada FI’s holdings in Arbor Realty Trust were worth $35,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABR. Navis Wealth Advisors LLC grew its position in shares of Arbor Realty Trust by 3.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 24,369 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 785 shares during the period. Comerica Bank grew its holdings in Arbor Realty Trust by 1.0% during the 4th quarter. Comerica Bank now owns 96,931 shares of the real estate investment trust’s stock worth $1,471,000 after acquiring an additional 980 shares during the period. PNC Financial Services Group Inc. grew its holdings 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 worth $108,000 after acquiring an additional 1,010 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Arbor Realty Trust by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock valued at $1,360,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Arbor Realty Trust by 20.6% in the 2nd quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,504 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Price Performance

NYSE ABR opened at $14.46 on Monday. 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 cap of $2.73 billion, a price-to-earnings ratio of 8.98 and a beta of 2.05. The business has a 50 day simple moving average of $13.55 and a 200 day simple moving average of $13.41. 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. The business had revenue of $297.19 million for 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 last year, the business posted $0.56 earnings per share. Analysts anticipate that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ABR. Keefe, Bruyette & Woods increased their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, July 10th. JMP Securities cut their price target on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 20th. 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. Finally, Piper Sandler increased their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock 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.