New York State Teachers Retirement System Sells 36,891 Shares of Arbor Realty Trust $ABR

New York State Teachers Retirement System trimmed its stake in Arbor Realty Trust (NYSE:ABR) by 13.6% in the 2nd quarter, Holdings Channel.com reports. The firm 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’s holdings in Arbor Realty Trust were worth $2,499,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ABR. Smallwood Wealth Investment Management LLC bought a new stake in shares of Arbor Realty Trust in the 1st quarter valued at approximately $31,000. Ameritas Advisory Services LLC bought a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC lifted its stake in shares of Arbor Realty Trust by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,308 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Arbor Realty Trust by 25,163.2% during the 1st quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 4,781 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth approximately $65,000. 57.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ABR shares. Piper Sandler raised their price target 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. JMP Securities dropped their price objective on shares of 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. Keefe, Bruyette & Woods boosted their target price on shares of Arbor Realty Trust from $11.50 to $12.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company an “underweight” rating in a research report on Monday. Finally, Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $12.00.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $11.80 on Wednesday. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.76. The company has a 50-day simple moving average of $11.85 and a 200 day simple moving average of $11.15. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The company has a market capitalization of $2.27 billion, a PE ratio of 12.97 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR) last posted its 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 business had revenue of $27.44 million during the quarter, compared to analysts’ expectations of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. On average, research analysts predict that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

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