Sei Investments Co. Trims Position in Arbor Realty Trust $ABR

Sei Investments Co. decreased its position in shares of Arbor Realty Trust (NYSE:ABR) by 92.3% during the first quarter, Holdings Channel reports. The institutional investor owned 11,710 shares of the real estate investment trust’s stock after selling 139,553 shares during the period. Sei Investments Co.’s holdings in Arbor Realty Trust were worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp raised its holdings in Arbor Realty Trust by 1.4% during the fourth quarter. State Street Corp now owns 7,469,100 shares of the real estate investment trust’s stock valued at $57,960,000 after acquiring an additional 101,730 shares during the period. Geode Capital Management LLC boosted its stake in shares of Arbor Realty Trust by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 4,651,016 shares of the real estate investment trust’s stock worth $36,098,000 after acquiring an additional 78,068 shares during the period. Wasatch Advisors LP boosted its stake in shares of Arbor Realty Trust by 19.2% in the third quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after acquiring an additional 654,583 shares during the period. Balyasny Asset Management L.P. grew its position in shares of Arbor Realty Trust by 296.8% during the fourth 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Arbor Realty Trust by 2.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,100,538 shares of the real estate investment trust’s stock valued at $24,060,000 after purchasing an additional 60,979 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analysts Set New Price Targets

ABR has been the topic of a number of research analyst reports. Citizens Jmp lowered their price target on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a report on Thursday, May 14th. Weiss Ratings lowered shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Keefe, Bruyette & Woods reduced their price target 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. Finally, Zacks Research downgraded shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $6.00.

Arbor Realty Trust Trading Down 1.7%

ABR opened at $4.92 on Wednesday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The stock’s 50 day moving average price is $5.13 and its 200-day moving average price is $6.51. Arbor Realty Trust has a one year low of $4.73 and a one year high of $12.57. The stock has a market cap of $916.94 million, a price-to-earnings ratio of 70.21 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. On average, equities analysts forecast that Arbor Realty Trust will post 0.29 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.17 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.8%. Arbor Realty Trust’s dividend payout ratio is presently 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.