Atria Wealth Solutions Inc. Reduces Stock Holdings in Arbor Realty Trust $ABR

Atria Wealth Solutions Inc. trimmed its holdings in shares of Arbor Realty Trust (NYSE:ABR) by 53.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,030 shares of the real estate investment trust’s stock after selling 79,895 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Arbor Realty Trust were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Yousif Capital Management LLC grew its stake in Arbor Realty Trust by 2.7% during the 2nd quarter. Yousif Capital Management LLC now owns 71,668 shares of the real estate investment trust’s stock worth $767,000 after buying an additional 1,882 shares during the last quarter. CWM LLC grew its stake in Arbor Realty Trust by 77.0% during the 2nd quarter. CWM LLC now owns 20,539 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 8,933 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Arbor Realty Trust by 210.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 57,140 shares of the real estate investment trust’s stock worth $611,000 after acquiring an additional 38,752 shares during the period. WMG Financial Advisors LLC lifted its position in Arbor Realty Trust by 59.7% during the 2nd quarter. WMG Financial Advisors LLC now owns 57,800 shares of the real estate investment trust’s stock worth $618,000 after acquiring an additional 21,600 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in Arbor Realty Trust by 2.4% during the 2nd quarter. Maryland State Retirement & Pension System now owns 56,473 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 1,300 shares during the period. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Piper Sandler lifted their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arbor Realty Trust in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their price target on Arbor Realty Trust from $11.50 to $12.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. JMP Securities lowered their price target on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 19th. Finally, Wall Street Zen raised Arbor Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued 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 price target of $11.63.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $11.63 on Friday. The stock has a market cap of $2.24 billion, a PE ratio of 12.77 and a beta of 1.37. The business has a 50-day simple moving average of $11.86 and a 200-day simple moving average of $11.14. 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 52-week low of $8.43 and a 52-week high of $15.76.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data 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). The company had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, equities analysts expect that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend was Friday, August 15th. Arbor Realty Trust’s payout ratio is 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.