BlackRock Fund Advisors recently announced the acquisition of new stake in Arbor Realty Trust Inc. (NYSE:ABR). The institutional investor has increased its shareholding in the Real Estate company by 2.69% to 22.67 million shares with purchase of 0.59 million shares. This fresh investment now brings its stake to 12.02% valued currently at $344.06 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.56 million to 18.88 million shares. And SSgA Funds Management, Inc. has lifted its position by 2.65% or 0.18 million shares – to 6.87 million shares.
Currently, there are 188.50M common shares owned by the public and among those 181.86M shares have been available to trade.
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Insiders at the company have transacted a total of 53 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 643,815 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 406,383 shares.
The top 3 mutual fund holders in Arbor Realty Trust Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. iShares Core S&P Small Cap ETF owns 9.86 million shares of the company’s stock, all valued at over $149.7 million. Vanguard Total Stock Market ETF bought 4924.0 shares to see its total holdings expand to 4.83 million shares valued at over $73.39 million and representing 2.57% of the shares outstanding. Vanguard Small Cap Index Fund sold 28674.0 shares to bring its total holdings to over 3.82 million shares at a value of $57.99 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.03% of the shares outstanding.
However, the script later moved the day high at 14.89, down -3.69%. The company’s stock has a 5-day price change of -4.15% and 1.15% over the past three months. ABR shares are trading -7.11% year to date (YTD), with the 12-month market performance down to -0.49% lower. It has a 12-month low price of $10.10 and touched a high of $17.74 over the same period. ABR has an average intraday trading volume of 5.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.40%, 0.30%, and 0.35% respectively.
Institutional ownership of Arbor Realty Trust Inc. (NYSE: ABR) shares accounts for 56.26% of the company’s 188.50M shares outstanding. Mutual fund holders own 33.35%, while other institutional holders and individual stakeholders account for 4.85% and 23.02% respectively.
It has a market capitalization of $2.66B and a beta (3y monthly) value of 1.98. The stock’s trailing 12-month PE ratio is 7.97, while the earnings-per-share (ttm) stands at $1.77. The company has a PEG of 1.00 and the debt-to-equity ratio at 3.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.20% over the week and 3.70% over the month.
Analysts forecast that Arbor Realty Trust Inc. (ABR) will achieve an EPS of $0.47 for the current quarter, $0.46 for the next quarter and $1.86 for 2024. The lowest estimate earnings-per-share for the quarter is $0.41 while analysts give the company a high EPS estimate of $0.49. Comparatively, EPS for the current quarter was $0.49 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.42%, and -13.81% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 8.35% over the past 5-year period.
Looking at the support for the ABR, a number of firms have released research notes about the stock. Piper Sandler stated their Underweight rating for the stock in a research note on July 31, 2023, with the firm’s price target at $16.
