Navellier & Associates Inc. Sells 2,181 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Navellier & Associates Inc. lessened its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,015 shares of the real estate investment trust’s stock after selling 2,181 shares during the quarter. Navellier & Associates Inc.’s holdings in Arbor Realty Trust were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC grew 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 valued at $25,000 after acquiring an additional 688 shares during the last quarter. Arizona State Retirement System grew its position in shares of Arbor Realty Trust by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 968 shares in the last quarter. US Bancorp DE grew its position in shares of Arbor Realty Trust by 6.3% during the 3rd quarter. US Bancorp DE now owns 16,504 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 979 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Arbor Realty Trust by 1.5% during the 2nd 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 grew its position in shares of Arbor Realty Trust by 20.6% during the 2nd 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 in the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $14.58 on Friday. Arbor Realty Trust, Inc. has a 1-year low of $11.77 and a 1-year high of $16.35. The stock’s 50-day moving average is $15.10 and its 200 day moving average is $14.19. The company has a market cap of $2.75 billion, a P/E ratio of 10.80 and a beta of 2.06. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Piper Sandler increased their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Raymond James increased their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. increased their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Finally, JMP Securities increased their price target 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 research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Arbor Realty Trust presently has an average rating of “Hold” and an average price target of $14.25.

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.