PFG Investments LLC Sells 14,379 Shares of Arbor Realty Trust $ABR

PFG Investments LLC cut its stake in shares of Arbor Realty Trust (NYSE:ABR) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,417 shares of the real estate investment trust’s stock after selling 14,379 shares during the quarter. PFG Investments LLC owned 0.11% of Arbor Realty Trust worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in Arbor Realty Trust during the 1st quarter worth approximately $31,000. GAMMA Investing LLC grew its position in Arbor Realty Trust by 223.0% during the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,308 shares during the last quarter. Jones Financial Companies Lllp grew its position in Arbor Realty Trust by 25,163.2% during the 1st quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 4,781 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Arbor Realty Trust during the 1st quarter worth approximately $65,000. Finally, Financial Network Wealth Advisors LLC bought a new position in Arbor Realty Trust during the 1st quarter worth approximately $88,000. 57.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities reduced their price target on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 19th. Zacks Research cut Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods increased their price objective on Arbor Realty Trust from $11.00 to $11.50 and gave the stock a “market perform” rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust presently has an average rating of “Reduce” and a consensus price target of $11.50.

Arbor Realty Trust Trading Up 0.9%

NYSE ABR opened at $12.32 on Thursday. Arbor Realty Trust has a fifty-two week low of $8.43 and a fifty-two week high of $15.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The stock has a 50 day simple moving average of $11.79 and a two-hundred day simple moving average of $11.16. The stock has a market cap of $2.37 billion, a P/E ratio of 13.53 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The firm had revenue of $27.44 million during the quarter, compared to the consensus estimate of $76.99 million. On average, analysts forecast that Arbor Realty Trust will post 1.65 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 29th. Stockholders of record on Friday, August 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 9.7%. Arbor Realty Trust’s dividend payout ratio is currently 131.87%.

About Arbor Realty Trust

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.