Nisa Investment Advisors LLC has acquired a new stake in the shares of Arbor Realty Trust, Inc. (NYSE:ABR – Get a rating) in the 1st trimester, HoldingsChannel.com reports. The company acquired 68,307 shares of the real estate investment trust, valued at approximately $1,165,000.
Several other hedge funds and other institutional investors have also recently changed their positions in ABR. AE Wealth Management LLC increased its holdings of Arbor Realty Trust shares by 10.8% during the 4th quarter. AE Wealth Management LLC now owns 14,479 shares of the real estate investment trust worth $265,000 after buying 1,413 additional shares in the last quarter. Strs Ohio increased its holdings of Arbor Realty Trust shares by 7.0% during the 4th quarter. Strs Ohio now owns 33,500 shares of the real estate investment trust worth $613,000 after buying an additional 2,200 shares in the last quarter. Bridgecreek Investment Management LLC purchased a new stake in Arbor Realty Trust stock during Q4, valued at $522,000. Bessemer Group Inc. acquired a new stock position in Arbor Realty Trust in Q4 worth $37,000. Finally, Allspring Global Investments Holdings LLC acquired a new stock position in Arbor Realty Trust in Q4 worth $2,758,000. Hedge funds and other institutional investors hold 37.93% of the company’s shares.
In other news from Arbor Realty Trust, Director Melvin F. Lazar purchased 2,500 shares of the company in a trade dated Thursday, May 12. The shares were purchased at an average cost of $16.39 per share, for a total transaction of $40,975.00. Following the transaction, the administrator now directly owns 227,500 shares of the company, valued at $3,728,725. The purchase was disclosed in an SEC filing, available at this hyperlink. Insiders hold 3.80% of the shares of the company.
Arbor Realty Trust Price Performance
NYSE ABR opened at $15.24 on Friday. The stock’s fifty-day moving average price is $14.70 and its 200-day moving average price is $16.47. The company has a market capitalization of $2.44 billion, a price-earnings ratio of 7.15 and a beta of 1.76. The company has a debt ratio of 3.99, a current ratio of 41.40 and a quick ratio of 41.41. Arbor Realty Trust, Inc. has a 1-year low of $12.18 and a 1-year high of $20.74.
Arbor Real Estate Trust (NYSE:ABR – Get a rating) last released its results on Friday, May 6. The real estate investment trust reported EPS of $0.55 for the quarter, beating consensus analyst estimates of $0.40 by $0.15. Arbor Realty Trust had a return on equity of 17.90% and a net margin of 62.97%. The company posted revenue of $84.14 million for the quarter, versus $83.84 million expected by analysts. During the same period last year, the company achieved EPS of $0.50. The company’s quarterly revenue increased 71.9% year over year. As a group, equity research analysts expect Arbor Realty Trust, Inc. to post 1.8 earnings per share for the current year.
Arbor Realty Trust increases its dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Friday, May 20 received a dividend of $0.38 per share. The ex-dividend date was Thursday, May 19. This is a boost from Arbor Realty Trust’s previous quarterly dividend of $0.37. This represents a dividend of $1.52 on an annualized basis and a dividend yield of 9.97%. Arbor Realty Trust’s dividend payout ratio (DPR) is 71.36%.
Analysts set new price targets
Several stock analysts have recently released reports on the company. Piper Sandler cut her price target on Arbor Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a Tuesday, June 28 research report. StockNews.com alleged coverage on Arbor Realty Trust in a research report on Thursday, March 31. They issued a “holding” rating on the stock.
About Arbor Realty Trust
Arbor Realty Trust, Inc invests in a diversified portfolio of structured financial assets in the multifamily, single family and commercial real estate markets in the United States. The Company operates through two segments, Structured Business and Agency Business. It invests primarily in bridge and mezzanine loans, including junior equity interests in first mortgages, preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes and various securities. related to mortgages.
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