Arbor Realty Trust $ABR Shares Bought by Melia Wealth LLC

Melia Wealth LLC boosted its stake in shares of Arbor Realty Trust (NYSE:ABR) by 14.5% in the second quarter, Holdings Channel reports. The fund owned 889,303 shares of the real estate investment trust’s stock after purchasing an additional 112,763 shares during the period. Arbor Realty Trust accounts for about 4.6% of Melia Wealth LLC’s portfolio, making the stock its 11th biggest position. Melia Wealth LLC’s holdings in Arbor Realty Trust were worth $9,516,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new stake in Arbor Realty Trust during the 1st quarter worth approximately $250,000. Cambridge Investment Research Advisors Inc. lifted its position in Arbor Realty Trust by 5.8% during the 1st 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 period. GAMMA Investing LLC lifted its position in Arbor Realty Trust by 223.0% during the 1st 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 period. Strs Ohio acquired a new stake in Arbor Realty Trust during the 1st quarter worth approximately $404,000. Finally, Three Seasons Wealth LLC acquired a new stake in Arbor Realty Trust during the 2nd quarter worth approximately $391,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Arbor Realty Trust in a research note on Saturday, September 27th. Piper Sandler increased their target price on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research note on Wednesday, October 8th. 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. Finally, JMP Securities cut their target price on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $11.63.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $11.63 on Tuesday. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.76. The company has a market capitalization of $2.24 billion, a P/E ratio of 12.77 and a beta of 1.37. The business has a 50 day moving average price of $11.85 and a 200 day moving average price of $11.14. 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 (NYSE:ABR) last released its quarterly earnings data 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). Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The firm had revenue of $27.44 million during the quarter, compared to analysts’ expectations of $76.99 million. Sell-side analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Friday, August 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 131.87%.

Arbor Realty Trust Company Profile

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.