ProShare Advisors LLC Decreases Stake in Arbor Realty Trust $ABR

ProShare Advisors LLC cut its holdings in shares of Arbor Realty Trust (NYSE:ABR) by 93.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,633 shares of the real estate investment trust’s stock after selling 579,684 shares during the quarter. ProShare Advisors LLC’s holdings in Arbor Realty Trust were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of ABR. Atlantic Union Bankshares Corp bought a new stake in shares of Arbor Realty Trust in the second quarter valued at approximately $27,000. Ameritas Advisory Services LLC purchased a new position in Arbor Realty Trust in the 2nd quarter valued at approximately $32,000. Jones Financial Companies Lllp lifted its position in shares of Arbor Realty Trust by 25,163.2% during the first 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Arbor Realty Trust during the first quarter worth $65,000. Finally, Financial Network Wealth Advisors LLC bought a new position in shares of Arbor Realty Trust in the first quarter worth $88,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR opened at $8.72 on Thursday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 9.59 and a beta of 1.38. Arbor Realty Trust has a 12 month low of $8.18 and a 12 month high of $15.05. The company has a 50-day moving average price of $11.12 and a 200-day moving average price of $11.02. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.07. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The company had revenue of $162.49 million for the quarter, compared to analysts’ expectations of $72.26 million. As a group, equities analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 13.8%. Arbor Realty Trust’s dividend payout ratio is currently 150.00%.

Insider Activity

In related news, CEO Ivan Kaufman acquired 29,000 shares of the stock in a transaction dated Monday, November 17th. The shares were purchased at an average cost of $8.34 per share, with a total value of $241,860.00. Following the transaction, the chief executive officer directly owned 54,000 shares in the company, valued at approximately $450,360. This represents a 116.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $11.50 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Piper Sandler set a $10.00 target price on Arbor Realty Trust and gave the company an “underweight” rating in a report on Monday, November 3rd. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Arbor Realty Trust presently has an average rating of “Reduce” and a consensus target price of $11.00.

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.