Victory Capital Management Inc. Increases Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Victory Capital Management Inc. boosted its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,292 shares of the real estate investment trust’s stock after buying an additional 3,119 shares during the quarter. Victory Capital Management Inc.’s holdings in Arbor Realty Trust were worth $564,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Navis Wealth Advisors LLC raised its stake in shares of Arbor Realty Trust by 3.3% in the 1st quarter. Navis Wealth Advisors LLC now owns 24,369 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 785 shares in the last quarter. Comerica Bank boosted its holdings in shares of Arbor Realty Trust by 1.0% in the fourth quarter. Comerica Bank now owns 96,931 shares of the real estate investment trust’s stock valued at $1,471,000 after acquiring an additional 980 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Arbor Realty Trust by 16.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,010 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Arbor Realty Trust by 1.5% during the second 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 purchasing an additional 1,400 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in 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 worth $126,000 after purchasing an additional 1,504 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $15.00 on Monday. The firm has a market cap of $2.83 billion, a PE ratio of 9.32 and a beta of 2.05. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 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’s 50-day moving average price is $13.57 and its two-hundred day moving average price is $13.48.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 24.59% and a return on equity of 15.75%. During the same period in the prior year, the business earned $0.56 earnings per share. On average, equities analysts anticipate that Arbor Realty Trust, Inc. will post 1.7 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

ABR has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on shares of 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. Raymond James lifted their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. dropped 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. Piper Sandler boosted their price objective 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. Finally, JMP Securities decreased their target price 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Arbor Realty Trust presently has a consensus rating of “Hold” and an average price target of $13.83.

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.