Raymond James Financial Services Advisors Inc. Boosts Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Raymond James Financial Services Advisors Inc. lifted its position in Arbor Realty Trust, Inc. (NYSE:ABR – Get Rating) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 528,326 shares of the real estate investment trust’s stock after buying an additional 60,869 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.31% of Arbor Realty Trust worth $6,076,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ABR. Capital Wealth Alliance LLC purchased a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at $25,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at $39,000. Worth Asset Management LLC purchased a new stake in shares of Arbor Realty Trust in the 1st quarter valued at $62,000. CWM LLC raised its holdings in shares of Arbor Realty Trust by 71.4% in the 2nd quarter. CWM LLC now owns 5,031 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 2,096 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Arbor Realty Trust by 25.5% in the 2nd quarter. Allworth Financial LP now owns 5,168 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,050 shares during the period. Hedge funds and other institutional investors own 40.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James cut their price target on Arbor Realty Trust from $21.00 to $18.50 and set an “outperform” rating on the stock in a report on Tuesday, October 18th. StockNews.com upgraded Arbor Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, November 7th. JPMorgan Chase & Co. cut their price target on Arbor Realty Trust from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, October 24th. Piper Sandler cut their price target on Arbor Realty Trust from $18.50 to $16.50 and set an “overweight” rating on the stock in a report on Monday, October 3rd. Finally, JMP Securities cut their price target on Arbor Realty Trust from $20.00 to $17.50 and set a “market outperform” rating on the stock in a report on Tuesday, November 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.88.

Arbor Realty Trust Stock Up 1.6 %

Shares of NYSE ABR opened at $13.96 on Wednesday. The stock has a market cap of $2.39 billion, a PE ratio of 7.43 and a beta of 1.89. The company has a quick ratio of 41.12, a current ratio of 41.12 and a debt-to-equity ratio of 4.05. Arbor Realty Trust, Inc. has a 52-week low of $11.16 and a 52-week high of $18.87. The business has a 50-day moving average price of $14.05 and a 200 day moving average price of $14.10.

Arbor Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Friday, November 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, November 17th. This is a boost from Arbor Realty Trust’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.46%. Arbor Realty Trust’s dividend payout ratio is 85.11%.

Arbor Realty Trust Company Profile

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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.