Strait & Sound Wealth Management LLC Takes $1.38 Million Position in Arbor Realty Trust $ABR

Strait & Sound Wealth Management LLC bought a new stake in shares of Arbor Realty Trust (NYSE:ABR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 179,258 shares of the real estate investment trust’s stock, valued at approximately $1,382,000. Strait & Sound Wealth Management LLC owned about 0.09% of Arbor Realty Trust as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ABR. Bessemer Group Inc. bought a new position in Arbor Realty Trust during the 1st quarter valued at $29,000. Smartleaf Asset Management LLC grew its stake in shares of Arbor Realty Trust by 73.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,175 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $39,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $42,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Arbor Realty Trust in the second quarter valued at about $46,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $5.08 on Thursday. The company’s 50-day moving average is $5.23 and its 200 day moving average is $6.79. The company has a debt-to-equity ratio of 2.71, a quick ratio of 428.41 and a current ratio of 428.41. The company has a market capitalization of $978.16 million, a P/E ratio of 13.04 and a beta of 1.15. Arbor Realty Trust has a fifty-two week low of $4.86 and a fifty-two week high of $12.57.

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

Arbor Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend was Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio is currently 174.36%.

Insider Activity

In other news, insider David Erwin Friedman sold 7,685 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $6.87, for a total transaction of $52,795.95. Following the completion of the sale, the insider owned 59,638 shares in the company, valued at $409,713.06. This trade represents a 11.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ABR has been the topic of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Arbor Realty Trust in a report on Friday, May 22nd. Piper Sandler decreased their price objective on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating for the company in a research note on Thursday, July 2nd. Citizens Jmp dropped their target price on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research report on Thursday, May 14th. Zacks Research downgraded Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $5.50 in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $6.50.

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.