Arbor Realty Trust $ABR Stock Purchased by GraniteShares Advisors LLC

GraniteShares Advisors LLC increased its position in Arbor Realty Trust (NYSE:ABR) by 81.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 646,953 shares of the real estate investment trust’s stock after acquiring an additional 289,683 shares during the period. Arbor Realty Trust makes up about 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 25th largest position. GraniteShares Advisors LLC’s holdings in Arbor Realty Trust were worth $2,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bessemer Group Inc. bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth $29,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of Arbor Realty Trust during the third quarter worth $47,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Arbor Realty Trust during the second quarter worth $49,000. Gables Capital Management Inc. acquired a new stake in shares of Arbor Realty Trust during the second quarter worth $59,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Arbor Realty Trust during the second quarter worth $60,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arbor Realty Trust

In related news, Director William Green acquired 25,951 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the transaction, the director owned 231,369 shares of the company’s stock, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

Arbor Realty Trust Trading Down 10.5%

Shares of NYSE ABR opened at $1.92 on Tuesday. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. Arbor Realty Trust has a one year low of $1.89 and a one year high of $10.10. The business has a 50-day moving average price of $3.87 and a two-hundred day moving average price of $5.91. The firm has a market capitalization of $357.26 million, a PE ratio of -2.99 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, October 30th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The business had revenue of $94.17 million during the quarter, compared to analyst estimates of $112.42 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. As a group, analysts predict that Arbor Realty Trust will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABR has been the subject of several analyst reports. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $5.00 to $3.00 and set an “underperform” rating on the stock in a report on Friday, October 9th. Piper Sandler reduced their price objective on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating for the company in a research note on Friday, October 9th. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Finally, Citizens Jmp cut shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 29th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Arbor Realty Trust currently has an average rating of “Reduce” and a consensus price target of $5.12.

Arbor Realty Trust Profile

Arbor Realty Trust, Inc is a real estate investment trust that originates, acquires, services and manages a diversified portfolio of commercial real estate-related investments. The company focuses primarily on multifamily properties and provides financing solutions to property owners, developers and investors.

Arbor’s business includes bridge and mezzanine lending, structured finance, mortgage servicing and agency lending. Through its agency platform, the company provides financing for multifamily properties through programs associated with Fannie Mae and Freddie Mac, while its structured finance activities include investments in mortgage-related assets and other real estate debt.

Founded in 2003, Arbor Realty Trust serves markets across the United States.