Private Advisor Group LLC acquired a new stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 84,929 shares of the real estate investment trust’s stock, valued at approximately $976,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Freedom LLC bought a new stake in shares of Arbor Realty Trust during the 4th quarter worth $27,000. State of Wyoming bought a new stake in Arbor Realty Trust during the fourth quarter worth about $27,000. Sandy Spring Bank boosted its holdings in shares of Arbor Realty Trust by 400.0% in the 1st quarter. Sandy Spring Bank now owns 2,500 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,000 shares in the last quarter. Money Concepts Capital Corp bought a new position in shares of Arbor Realty Trust during the 4th quarter valued at about $32,000. Finally, Worth Asset Management LLC purchased a new position in shares of Arbor Realty Trust during the 1st quarter valued at about $62,000. 53.00% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ABR. JMP Securities increased their price target on shares of Arbor Realty Trust from $17.50 to $18.50 in a research report on Wednesday, July 19th. Raymond James upped their price target on shares of Arbor Realty Trust from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 23rd. Piper Sandler lowered Arbor Realty Trust from an “overweight” rating to an “underweight” rating and set a $16.00 target price for the company. in a research note on Monday, July 31st. Wedbush began coverage on Arbor Realty Trust in a research report on Thursday, June 1st. They set an “outperform” rating and a $15.00 price target on the stock. Finally, JPMorgan Chase & Co. downgraded Arbor Realty Trust from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $11.50 to $13.50 in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.33.
Insider Transactions at Arbor Realty Trust
In related news, Director William C. Green purchased 8,776 shares of Arbor Realty Trust stock in a transaction that occurred on Thursday, June 1st. The shares were bought at an average price of $12.82 per share, for a total transaction of $112,508.32. Following the completion of the transaction, the director now directly owns 147,681 shares of the company’s stock, valued at $1,893,270.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.40% of the company’s stock.
Arbor Realty Trust Price Performance
Shares of Arbor Realty Trust stock opened at $16.01 on Wednesday. The business has a 50 day moving average of $15.67 and a 200 day moving average of $13.70. Arbor Realty Trust, Inc. has a 52 week low of $10.10 and a 52 week high of $17.74. The company has a market cap of $2.99 billion, a PE ratio of 9.31 and a beta of 1.95. The company has a quick ratio of 40.29, a current ratio of 40.29 and a debt-to-equity ratio of 3.42.
Arbor Realty Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, August 14th. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 10.74%. Arbor Realty Trust’s dividend payout ratio is 100.00%.
Arbor Realty Trust 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 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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