Wasatch Advisors LP Increases Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Wasatch Advisors LP lifted its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 29.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,511,381 shares of the real estate investment trust’s stock after buying an additional 797,453 shares during the quarter. Wasatch Advisors LP’s holdings in Arbor Realty Trust were worth $54,637,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Arbor Realty Trust by 75.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Arbor Realty Trust in the 3rd quarter worth approximately $38,000. Glenmede Trust Co. NA lifted its stake in Arbor Realty Trust by 33.1% in 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 lifted its stake in Arbor Realty Trust by 39.1% in the 3rd 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 in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Arbor Realty Trust in the 3rd quarter worth approximately $102,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $14.67 on Friday. The firm’s fifty day moving average price is $15.09 and its 200-day moving average price is $14.23. 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 stock has a market cap of $2.77 billion, a P/E ratio of 10.96 and a beta of 2.06. Arbor Realty Trust, Inc. has a fifty-two week low of $11.92 and a fifty-two week high of $16.35.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 11.72%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 127.41%.

Analysts Set New Price Targets

ABR has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research note on Monday, August 5th. JMP Securities increased their target price on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. increased 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 increased 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.