179,258 Shares in Arbor Realty Trust $ABR Purchased by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC acquired a new stake in Arbor Realty Trust (NYSE:ABR) during the first quarter, Holdings Channel reports. The firm acquired 179,258 shares of the real estate investment trust’s stock, valued at approximately $1,382,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new position in Arbor Realty Trust during the first quarter worth about $29,000. Smartleaf Asset Management LLC raised its position in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,175 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at approximately $39,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Arbor Realty Trust during the 4th quarter valued at approximately $42,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at approximately $46,000. Institutional investors own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ABR. Citizens Jmp cut their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a report on Thursday, May 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Arbor Realty Trust in a report on Friday, May 22nd. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Tuesday, May 12th. Zacks Research lowered Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Finally, Piper Sandler reduced their price target on Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating for the company in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $6.50.

Insider Buying and Selling

In other news, insider David Erwin Friedman purchased 8,840 shares of Arbor Realty Trust stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $6.84 per share, for a total transaction of $60,465.60. Following the transaction, the insider directly owned 68,478 shares of the company’s stock, valued at approximately $468,389.52. This trade represents a 14.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by insiders.

Arbor Realty Trust Trading Down 0.1%

Shares of Arbor Realty Trust stock opened at $5.08 on Thursday. The company’s 50-day moving average price is $5.23 and its 200-day moving average price is $6.79. The company has a current ratio of 428.41, a quick ratio of 428.41 and a debt-to-equity ratio of 2.71. Arbor Realty Trust has a 12-month low of $4.86 and a 12-month high of $12.57. The company has a market cap of $978.16 million, a price-to-earnings ratio of 13.04 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). The firm had revenue of $119.67 million for the quarter, compared to analysts’ expectations of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. On average, equities analysts expect that Arbor Realty Trust will post 0.25 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend was Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 174.36%.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.