Kestra Investment Management LLC Grows Stock Position in Arbor Realty Trust $ABR

Kestra Investment Management LLC boosted its position in shares of Arbor Realty Trust (NYSE:ABR) by 38.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,123 shares of the real estate investment trust’s stock after buying an additional 62,462 shares during the quarter. Kestra Investment Management LLC owned 0.12% of Arbor Realty Trust worth $2,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Arbor Realty Trust in the 2nd quarter worth about $447,944,000. State Street Corp lifted its stake in Arbor Realty Trust by 0.7% in the second quarter. State Street Corp now owns 7,337,449 shares of the real estate investment trust’s stock worth $78,511,000 after purchasing an additional 54,482 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Arbor Realty Trust by 3.0% during the second 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 buying an additional 131,747 shares during the period. Wasatch Advisors LP grew its stake in shares of Arbor Realty Trust by 6.2% during the second quarter. Wasatch Advisors LP now owns 3,402,838 shares of the real estate investment trust’s stock valued at $36,410,000 after buying an additional 197,948 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Arbor Realty Trust by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust’s stock worth $29,952,000 after buying an additional 56,002 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ABR. Weiss Ratings restated a “hold (c-)” rating on shares of Arbor Realty Trust in a report on Monday, December 8th. Keefe, Bruyette & Woods decreased their target price on 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. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. JMP Securities reduced their price target on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 19th. Finally, Piper Sandler set a $10.00 price objective on shares of Arbor Realty Trust and gave the company an “underweight” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Reduce” and an average target price of $10.75.

Arbor Realty Trust Stock Down 1.7%

NYSE:ABR opened at $8.87 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 287.79 and a quick ratio of 287.79. Arbor Realty Trust has a 1-year low of $8.18 and a 1-year high of $14.55. The company has a 50-day moving average of $10.07 and a 200 day moving average of $10.86. The firm has a market cap of $1.73 billion, a PE ratio of 11.08 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.28 by $0.07. Arbor Realty Trust had a net margin of 20.07% and a return on equity of 11.63%. The business had revenue of $162.49 million during the quarter, compared to analyst estimates of $72.26 million. As a group, research analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 13.5%. Arbor Realty Trust’s payout ratio is 150.00%.

Insiders Place Their Bets

In related news, CEO Ivan Kaufman bought 29,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were acquired at an average price of $8.34 per share, with a total value of $241,860.00. Following the transaction, the chief executive officer 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 legal filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

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.