Victory Capital Management Inc. Sells 3,963 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Victory Capital Management Inc. lowered its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 10.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,329 shares of the real estate investment trust’s stock after selling 3,963 shares during the quarter. Victory Capital Management Inc.’s holdings in Arbor Realty Trust were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D grew its holdings in shares of Arbor Realty Trust by 4.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 146,823 shares of the real estate investment trust’s stock worth $2,285,000 after acquiring an additional 6,500 shares during the period. Disciplined Investments LLC bought a new stake in shares of Arbor Realty Trust during the third quarter valued at approximately $156,000. Sigma Planning Corp raised its holdings in Arbor Realty Trust by 21.5% in the third quarter. Sigma Planning Corp now owns 27,528 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 4,872 shares in the last quarter. Dudley Capital Management LLC purchased a new position in Arbor Realty Trust during the third quarter valued at $163,000. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Arbor Realty Trust by 27.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 17,497 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 3,715 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

ABR has been the subject of a number of recent research reports. Piper Sandler lifted their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. JMP Securities lifted their target price on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Raymond James lifted their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. increased their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.25.

Arbor Realty Trust Price Performance

ABR opened at $14.80 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The company’s 50-day simple moving average is $15.10 and its two-hundred day simple moving average is $14.23. Arbor Realty Trust, Inc. has a 52-week low of $11.77 and a 52-week high of $16.35. The stock has a market capitalization of $2.79 billion, a P/E ratio of 10.96 and a beta of 2.06.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a yield of 11.62%. Arbor Realty Trust’s dividend payout ratio is presently 127.41%.

Arbor Realty Trust Company 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 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.