Prospera Private Wealth LLC Acquires New Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Prospera Private Wealth LLC bought a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 6,587 shares of the real estate investment trust’s stock, valued at approximately $102,000.

A number of other hedge funds also recently added to or reduced their stakes in ABR. GAMMA Investing LLC increased its position in shares of Arbor Realty Trust by 75.5% during 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 during the period. Arizona State Retirement System raised its position in Arbor Realty Trust by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 968 shares in the last quarter. US Bancorp DE boosted its stake in shares of Arbor Realty Trust by 6.3% in the 3rd quarter. US Bancorp DE now owns 16,504 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 979 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Arbor Realty Trust by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock worth $1,360,000 after buying an additional 1,400 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Arbor Realty Trust by 20.6% during the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,504 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Raymond James boosted their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Piper Sandler raised their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. Finally, JMP Securities upped their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research report on Friday, September 27th. Two equities 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $14.50 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 month high of $16.35. The firm has a market capitalization of $2.73 billion, a P/E ratio of 10.74 and a beta of 2.06. The company’s fifty day moving average price is $15.10 and its 200 day moving average price is $14.18.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 11.87%. The ex-dividend date is Friday, November 15th. Arbor Realty Trust’s payout ratio is currently 127.41%.

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.