ProShare Advisors LLC Sells 96,474 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

ProShare Advisors LLC decreased its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 15.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 515,584 shares of the real estate investment trust's stock after selling 96,474 shares during the period. ProShare Advisors LLC owned approximately 0.27% of Arbor Realty Trust worth $7,399,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ABR. Jump Financial LLC acquired a new stake in shares of Arbor Realty Trust during the 4th quarter worth about $232,000. Norges Bank purchased a new position in Arbor Realty Trust in the fourth quarter valued at about $18,775,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Arbor Realty Trust by 7.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 352,459 shares of the real estate investment trust's stock worth $5,350,000 after buying an additional 23,822 shares during the last quarter. Cape Investment Advisory Inc. increased its holdings in Arbor Realty Trust by 671.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 2,015 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Arbor Realty Trust by 5.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 38,024 shares of the real estate investment trust's stock worth $577,000 after purchasing an additional 2,005 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ABR shares. Piper Sandler raised their price objective on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an "underweight" rating in a research note on Monday, August 5th. Raymond James increased their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods raised their price target on Arbor Realty Trust from $13.25 to $14.00 and gave the company a "market perform" rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. cut their target price on shares of Arbor Realty Trust from $12.00 to $11.50 and set an "underweight" rating for the company in a research note on Tuesday, July 16th. Finally, JMP Securities cut their price target on Arbor Realty Trust from $17.00 to $16.00 and set a "market outperform" rating for the company in a report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $13.83.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded down $0.27 during trading on Wednesday, reaching $15.23. 1,792,480 shares of the stock were exchanged, compared to its average volume of 4,114,091. The company has a current ratio of 37.31, a quick ratio of 37.31 and a debt-to-equity ratio of 2.78. The firm has a market cap of $2.87 billion, a PE ratio of 9.62 and a beta of 2.05. The stock has a 50-day moving average price of $13.64 and a 200-day moving average price of $13.52. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 month high of $16.35.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. The business had revenue of $297.19 million during the quarter, compared to the consensus estimate of $300.69 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Research analysts expect that Arbor Realty Trust, Inc. will post 1.7 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 16th. This represents a $1.72 annualized dividend and a dividend yield of 11.29%. Arbor Realty Trust's dividend payout ratio is currently 106.83%.

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.