Advisors Asset Management Inc. Has $2.66 Million Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Advisors Asset Management Inc. lifted its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 9.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 170,764 shares of the real estate investment trust’s stock after purchasing an additional 15,182 shares during the period. Advisors Asset Management Inc.’s holdings in Arbor Realty Trust were worth $2,657,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in Arbor Realty Trust by 75.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 688 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Arbor Realty Trust in the third quarter worth $38,000. KBC Group NV increased its position in Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 1,796 shares during the period. Prospera Private Wealth LLC acquired a new position in Arbor Realty Trust during the 3rd quarter valued at $102,000. Finally, Signaturefd LLC boosted its holdings in Arbor Realty Trust by 20.6% in the 2nd quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,504 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Up 0.6 %

Shares of ABR opened at $14.58 on Friday. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 month high of $16.35. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 10.80 and a beta of 2.06. The company has a 50-day moving average price of $15.10 and a two-hundred day moving average price of $14.19. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 11.80%. The ex-dividend date is Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is 127.41%.

Analyst Upgrades and Downgrades

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

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 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.