Miller Value Partners LLC Purchases New Shares in Arbor Realty Trust $ABR

Miller Value Partners LLC acquired a new stake in Arbor Realty Trust (NYSE:ABR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 611,000 shares of the real estate investment trust’s stock, valued at approximately $3,312,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ABR. UBS Group AG lifted its position in Arbor Realty Trust by 111.4% during the 4th quarter. UBS Group AG now owns 1,045,564 shares of the real estate investment trust’s stock worth $8,114,000 after buying an additional 550,875 shares in the last quarter. First Trust Advisors LP grew its holdings in Arbor Realty Trust by 124.9% during the 1st quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock worth $4,246,000 after acquiring an additional 305,844 shares during the last quarter. Strait & Sound Wealth Management LLC acquired a new stake in Arbor Realty Trust in the 1st quarter valued at about $1,382,000. Quantinno Capital Management LP increased its position in Arbor Realty Trust by 437.9% in the 1st quarter. Quantinno Capital Management LP now owns 169,941 shares of the real estate investment trust’s stock valued at $1,310,000 after acquiring an additional 138,349 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Arbor Realty Trust by 211.3% in the fourth quarter. Sunbelt Securities Inc. now owns 183,764 shares of the real estate investment trust’s stock worth $1,426,000 after acquiring an additional 124,728 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 1.4%

Shares of NYSE ABR opened at $5.17 on Wednesday. The firm has a market capitalization of $965.45 million, a PE ratio of 73.93 and a beta of 1.15. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. Arbor Realty Trust has a 1 year low of $4.73 and a 1 year high of $12.57. The firm’s 50-day moving average is $5.13 and its 200-day moving average is $6.42.

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, topping analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The business had revenue of $117.83 million during the quarter, compared to the consensus estimate of $107.75 million. Equities analysts expect that Arbor Realty Trust will post 0.29 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Friday, August 14th. Arbor Realty Trust’s payout ratio is currently 971.43%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ABR. Zacks Research lowered shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Weiss Ratings lowered shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Citizens Jmp dropped their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research report on Thursday, May 14th. Keefe, Bruyette & Woods reduced their price objective on 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, Piper Sandler decreased their price objective 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. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $6.00.

Arbor Realty Trust Profile

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.