Intech Investment Management LLC Has $820,000 Holdings in Arbor Realty Trust $ABR

Intech Investment Management LLC decreased its holdings in shares of Arbor Realty Trust (NYSE:ABR) by 15.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,650 shares of the real estate investment trust’s stock after selling 14,222 shares during the quarter. Intech Investment Management LLC’s holdings in Arbor Realty Trust were worth $820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Arbor Realty Trust by 9.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,335 shares of the real estate investment trust’s stock valued at $528,000 after buying an additional 4,200 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Arbor Realty Trust by 6.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 41,575 shares of the real estate investment trust’s stock valued at $445,000 after acquiring an additional 2,363 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Arbor Realty Trust by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock valued at $48,769,000 after acquiring an additional 131,747 shares during the period. Allworth Financial LP increased its stake in shares of Arbor Realty Trust by 77.8% during the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Arbor Realty Trust by 37.8% during the 2nd quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 35,918 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ivan Kaufman acquired 29,000 shares of the stock in a transaction dated Monday, November 17th. The stock was bought at an average cost of $8.34 per share, for a total transaction of $241,860.00. Following the completion of the transaction, the chief executive officer directly owned 54,000 shares of the company’s stock, valued at $450,360. The trade was a 116.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.80% of the company’s stock.

Arbor Realty Trust Price Performance

ABR stock opened at $9.04 on Thursday. The company’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $10.96. The firm has a market cap of $1.77 billion, a P/E ratio of 9.93 and a beta of 1.38. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 12 month low of $8.18 and a 12 month high of $15.05.

Arbor Realty Trust (NYSE:ABR) last issued 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. The company had revenue of $162.49 million for the quarter, compared to analyst estimates of $72.26 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. On average, analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend was Friday, November 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 150.00%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ABR shares. Piper Sandler set a $10.00 price target on Arbor Realty Trust and gave the company an “underweight” rating in a report on Monday, November 3rd. 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arbor Realty Trust in a research note on Monday. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, JMP Securities reduced their price objective on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $11.00.

Arbor Realty Trust Company Profile

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.