Arbor Realty Trust, Inc. (NYSE:ABR) Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in Arbor Realty Trust, Inc. (NYSE:ABRFree Report) by 16.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,131 shares of the real estate investment trust’s stock after purchasing an additional 1,010 shares during the period. PNC Financial Services Group Inc.’s holdings in Arbor Realty Trust were worth $108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABR. Cape Investment Advisory Inc. grew its position in Arbor Realty Trust by 671.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,015 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in Arbor Realty Trust in the 4th quarter worth about $35,000. Sound Income Strategies LLC grew its position in Arbor Realty Trust by 322.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,791 shares during the last quarter. Scarborough Advisors LLC bought a new position in Arbor Realty Trust in the 4th quarter worth about $38,000. Finally, Anchor Investment Management LLC bought a new position in Arbor Realty Trust in the 4th quarter worth about $41,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 0.2 %

Shares of NYSE:ABR opened at $14.73 on Friday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 9.15 and a beta of 2.03. Arbor Realty Trust, Inc. has a 1-year low of $11.77 and a 1-year high of $17.74. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.63 and a current ratio of 36.63. The company has a 50 day moving average price of $13.78 and a 200 day moving average price of $13.61.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a $0.43 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.72 annualized dividend and a dividend yield of 11.68%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Wedbush reiterated a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a report on Monday, May 6th. TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Keefe, Bruyette & Woods decreased their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Finally, JMP Securities decreased their price objective on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.54.

Read Our Latest Analysis on Arbor Realty Trust

About Arbor Realty Trust

(Free Report)

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 through Structured Business and Agency Business segments. 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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