Federated Hermes Inc. Acquires 11,711 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Federated Hermes Inc. grew its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 32.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,590 shares of the real estate investment trust’s stock after acquiring an additional 11,711 shares during the period. Federated Hermes Inc.’s holdings in Arbor Realty Trust were worth $683,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Navis Wealth Advisors LLC boosted its holdings in Arbor Realty Trust by 3.3% in the first quarter. Navis Wealth Advisors LLC now owns 24,369 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 785 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Arbor Realty Trust by 1.9% in the second quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 968 shares during the last quarter. Comerica Bank boosted its stake in shares of 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 in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Arbor Realty Trust by 16.5% in 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 in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Arbor Realty Trust by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 1.1 %

ABR stock opened at $15.00 on Monday. 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 company has a market cap of $2.83 billion, a PE ratio of 9.32 and a beta of 2.05. The business’s 50-day simple moving average is $13.57 and its 200 day simple moving average is $13.48.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data 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 company had revenue of $297.19 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.56 EPS. On average, research analysts anticipate that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio is 106.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Raymond James lifted their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 10th. JMP Securities lowered their price target on 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. cut their price objective on Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating for the company in a research report on Tuesday, July 16th. Finally, Piper Sandler raised their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.83.

About Arbor Realty Trust

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.