Commonwealth Equity Services LLC Buys 135,727 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Commonwealth Equity Services LLC lifted its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 47.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 424,378 shares of the real estate investment trust’s stock after acquiring an additional 135,727 shares during the quarter. Commonwealth Equity Services LLC owned 0.23% of Arbor Realty Trust worth $4,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Citigroup Inc. grew its position in Arbor Realty Trust by 69.1% during the first quarter. Citigroup Inc. now owns 8,454 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 3,455 shares during the period. WealthBridge Capital Management LLC grew its position in Arbor Realty Trust by 24.9% during the first quarter. WealthBridge Capital Management LLC now owns 15,550 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 3,100 shares during the period. Guggenheim Capital LLC grew its position in Arbor Realty Trust by 15.0% during the first quarter. Guggenheim Capital LLC now owns 40,900 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 5,338 shares during the period. B. Metzler seel. Sohn & Co. AG grew its position in Arbor Realty Trust by 8.7% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 57,932 shares of the real estate investment trust’s stock valued at $666,000 after buying an additional 4,641 shares during the period. Finally, Private Advisor Group LLC bought a new stake in Arbor Realty Trust during the first quarter valued at approximately $976,000. 53.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ABR shares. JMP Securities lifted their price target on shares of Arbor Realty Trust from $17.50 to $18.50 in a report on Wednesday, July 19th. StockNews.com started coverage on shares of Arbor Realty Trust in a report on Thursday, August 17th. They set a “hold” rating on the stock. Raymond James lifted their price target on shares of Arbor Realty Trust from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, August 23rd. JPMorgan Chase & Co. downgraded shares of Arbor Realty Trust from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $11.50 to $13.50 in a report on Monday, July 24th. Finally, Piper Sandler downgraded shares of Arbor Realty Trust from an “overweight” rating to an “underweight” rating and set a $16.00 price target on the stock. in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.33.

Arbor Realty Trust Price Performance

ABR stock opened at $16.16 on Friday. Arbor Realty Trust, Inc. has a one year low of $10.10 and a one year high of $17.74. The company’s fifty day moving average price is $15.74 and its 200-day moving average price is $13.74. The company has a debt-to-equity ratio of 3.42, a quick ratio of 40.29 and a current ratio of 40.29. The company has a market capitalization of $3.01 billion, a PE ratio of 9.40 and a beta of 1.95.

Arbor Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a dividend of $0.43 per share. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.72 dividend on an annualized basis and a yield of 10.64%. Arbor Realty Trust’s dividend payout ratio is presently 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.