Strategic Wealth Investment Group LLC Reduces Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Strategic Wealth Investment Group LLC cut its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 85.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,993 shares of the real estate investment trust’s stock after selling 373,232 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in Arbor Realty Trust were worth $960,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ABR. Wasatch Advisors LP boosted its position in Arbor Realty Trust by 16.2% during the 1st quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust’s stock worth $46,245,000 after acquiring an additional 485,422 shares during the period. Certuity LLC bought a new stake in shares of Arbor Realty Trust during the 2nd quarter worth about $4,305,000. TrueMark Investments LLC bought a new stake in shares of Arbor Realty Trust during the 2nd quarter worth about $2,893,000. QRG Capital Management Inc. bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth about $2,520,000. Finally, Cetera Investment Advisers boosted its stake in Arbor Realty Trust by 358.5% during the 1st quarter. Cetera Investment Advisers now owns 220,559 shares of the real estate investment trust’s stock valued at $2,922,000 after purchasing an additional 172,454 shares during the period. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Trading Up 0.5 %

Shares of NYSE:ABR opened at $15.19 on Tuesday. The business’s 50 day simple moving average is $14.52 and its 200 day simple moving average is $13.91. 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, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35. The company has a market capitalization of $2.86 billion, a P/E ratio of 9.43 and a beta of 2.06.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 EPS 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 period in the prior year, the company earned $0.56 EPS. On average, research analysts anticipate that Arbor Realty Trust, Inc. will post 1.7 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.72 annualized dividend and a dividend yield of 11.32%. Arbor Realty Trust’s dividend payout ratio is presently 106.83%.

Analyst Ratings Changes

Several research firms have commented on ABR. Raymond James upped their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. increased their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods increased their price objective on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, July 10th. JMP Securities raised their price target on 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. Finally, Piper Sandler raised their price target 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.