New York State Teachers Retirement System Trims Position in Arbor Realty Trust $ABR

New York State Teachers Retirement System reduced its stake in Arbor Realty Trust (NYSE:ABRFree Report) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,511 shares of the real estate investment trust’s stock after selling 36,891 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Arbor Realty Trust worth $2,499,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of Arbor Realty Trust in the first quarter worth $250,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Arbor Realty Trust by 5.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 499,202 shares of the real estate investment trust’s stock worth $5,866,000 after acquiring an additional 27,153 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Arbor Realty Trust by 223.0% in the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,308 shares during the last quarter. Strs Ohio purchased a new stake in shares of Arbor Realty Trust in the first quarter worth $404,000. Finally, Melia Wealth LLC grew its stake in shares of Arbor Realty Trust by 14.5% in the second quarter. Melia Wealth LLC now owns 889,303 shares of the real estate investment trust’s stock worth $9,516,000 after acquiring an additional 112,763 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ABR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Arbor Realty Trust from $11.50 to $12.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Piper Sandler upped their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the company an “underweight” rating in a report on Wednesday, October 8th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. upped their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the company an “underweight” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arbor Realty Trust in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Arbor Realty Trust currently has a consensus rating of “Reduce” and an average price target of $12.00.

Check Out Our Latest Stock Report on Arbor Realty Trust

Arbor Realty Trust Stock Performance

NYSE ABR opened at $11.80 on Wednesday. The stock has a market capitalization of $2.27 billion, a PE ratio of 12.97 and a beta of 1.37. The business has a 50 day simple moving average of $11.85 and a two-hundred day simple moving average of $11.15. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.76.

Arbor Realty Trust (NYSE:ABRGet Free Report) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $27.44 million for the quarter, compared to analysts’ expectations of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, research analysts predict that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 10.2%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 131.87%.

About Arbor Realty Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

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