Edgestream Partners L.P. Buys New Shares in Arbor Realty Trust, Inc. (NYSE:ABR)

Edgestream Partners L.P. bought a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 92,735 shares of the real estate investment trust’s stock, valued at approximately $1,443,000.

A number of other large investors have also bought and sold shares of ABR. GAMMA Investing LLC boosted its holdings in Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Arbor Realty Trust in the 3rd quarter valued at about $38,000. Glenmede Trust Co. NA increased its holdings in Arbor Realty Trust by 33.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 701 shares in the last quarter. KBC Group NV raised its stake in shares of Arbor Realty Trust by 39.1% in the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Arbor Realty Trust in the third quarter valued at approximately $102,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Trading Down 2.8 %

NYSE ABR opened at $14.15 on Wednesday. The business’s fifty day moving average is $15.07 and its 200-day moving average is $14.23. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 10.48 and a beta of 2.03. Arbor Realty Trust, Inc. has a one year low of $11.92 and a one year high of $16.35.

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 $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 12.16%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s payout ratio is 127.41%.

Wall Street Analyst Weigh In

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