Van ECK Associates Corp Sells 115,010 Shares of Arbor Realty Trust $ABR

Van ECK Associates Corp reduced its stake in Arbor Realty Trust (NYSE:ABR) by 5.9% during the second quarter, Holdings Channel.com reports. The fund owned 1,837,250 shares of the real estate investment trust’s stock after selling 115,010 shares during the quarter. Van ECK Associates Corp’s holdings in Arbor Realty Trust were worth $9,958,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ABR. BlackRock Inc. bought a new position in Arbor Realty Trust during the 2nd quarter worth about $143,448,000. State Street Corp raised its holdings in shares of Arbor Realty Trust by 1.4% in the 4th quarter. State Street Corp now owns 7,469,100 shares of the real estate investment trust’s stock valued at $57,960,000 after purchasing an additional 101,730 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Arbor Realty Trust by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 4,651,016 shares of the real estate investment trust’s stock valued at $36,098,000 after purchasing an additional 78,068 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Arbor Realty Trust by 19.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after purchasing an additional 654,583 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of Arbor Realty Trust by 296.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock worth $29,765,000 after purchasing an additional 2,869,132 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ABR. Keefe, Bruyette & Woods cut their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a report on Monday, August 3rd. Piper Sandler dropped their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a research report on Monday, August 3rd. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their price target for the company from $7.00 to $5.50 in a report on Friday, July 17th. Citizens Jmp decreased their price objective on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research note on Thursday, May 14th. Finally, Weiss Ratings downgraded Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $6.00.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green purchased 25,951 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average price of $5.07 per share, for a total transaction of $131,571.57. Following the acquisition, the director owned 231,369 shares in the company, valued at $1,173,040.83. This represents a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $4.95 on Wednesday. The firm has a market capitalization of $923.47 million, a price-to-earnings ratio of 70.71 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. The business has a fifty day moving average of $5.12 and a 200 day moving average of $6.33. Arbor Realty Trust has a 1 year low of $4.73 and a 1 year high of $12.57.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $117.83 million for the quarter, compared to the consensus estimate of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. As a group, research analysts expect that Arbor Realty Trust will post 0.29 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.7%. Arbor Realty Trust’s payout ratio is 971.43%.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.