Mirae Asset Global Investments Co. Ltd. Cuts Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Arbor Realty Trust, Inc. (NYSE:ABRGet Rating) by 64.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 543,335 shares of the real estate investment trust’s stock after selling 965,544 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Arbor Realty Trust were worth $9,269,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ABR. Vanguard Group Inc. boosted its position in Arbor Realty Trust by 28.7% during the 1st quarter. Vanguard Group Inc. now owns 9,436,190 shares of the real estate investment trust’s stock valued at $160,982,000 after buying an additional 2,103,266 shares during the period. Bell & Brown Wealth Advisors LLC purchased a new stake in Arbor Realty Trust during the 1st quarter valued at $13,998,000. Renaissance Technologies LLC purchased a new stake in Arbor Realty Trust during the 1st quarter valued at $6,718,000. Graham Capital Management L.P. boosted its position in Arbor Realty Trust by 794.3% during the 1st quarter. Graham Capital Management L.P. now owns 437,285 shares of the real estate investment trust’s stock valued at $7,460,000 after buying an additional 388,386 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in Arbor Realty Trust during the 1st quarter valued at $5,823,000. Hedge funds and other institutional investors own 41.20% of the company’s stock.

Arbor Realty Trust Stock Down 2.3 %

Shares of Arbor Realty Trust stock opened at $14.36 on Wednesday. The company has a debt-to-equity ratio of 4.12, a current ratio of 42.12 and a quick ratio of 42.12. The company has a 50-day moving average of $15.20 and a 200 day moving average of $15.79. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 7.07 and a beta of 1.82. Arbor Realty Trust, Inc. has a 1 year low of $12.18 and a 1 year high of $20.74.

Arbor Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.86%. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, August 12th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 76.85%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JMP Securities dropped their price target on shares of Arbor Realty Trust from $21.00 to $20.00 and set a “market outperform” rating for the company in a research report on Monday, August 1st. StockNews.com cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Piper Sandler dropped their target price on shares of Arbor Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green purchased 9,255 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average cost of $15.36 per share, for a total transaction of $142,156.80. Following the purchase, the director now directly owns 134,705 shares in the company, valued at $2,069,068.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by company insiders.

About Arbor Realty Trust

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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 in two segments, Structured Business and Agency Business. 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.

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Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

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