Arbor Realty Trust, Inc. (NYSE:ABR) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 5.7% in the 3rd quarter, Holdings Channel reports. The fund owned 478,026 shares of the real estate investment trust’s stock after acquiring an additional 25,975 shares during the period. Raymond James & Associates’ holdings in Arbor Realty Trust were worth $7,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in Arbor Realty Trust by 16.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,010 shares during the last quarter. Westside Investment Management Inc. purchased a new position in shares of Arbor Realty Trust during the 1st quarter valued at approximately $27,000. Van ECK Associates Corp grew its position in shares of Arbor Realty Trust by 8.9% during the first quarter. Van ECK Associates Corp now owns 898,514 shares of the real estate investment trust’s stock worth $11,905,000 after buying an additional 73,057 shares in the last quarter. Hartline Investment Corp bought a new stake in shares of Arbor Realty Trust in the first quarter worth $246,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Arbor Realty Trust by 6.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock valued at $17,724,000 after acquiring an additional 78,154 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ABR has been the subject of several recent analyst reports. JMP Securities raised their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Raymond James lifted their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. boosted their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods increased their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, July 10th. Finally, Piper Sandler boosted their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Arbor Realty Trust currently has a consensus rating of “Hold” and an average price target of $14.25.

Arbor Realty Trust Stock Performance

Shares of NYSE ABR opened at $15.07 on Thursday. The company has a quick ratio of 37.31, a current ratio of 37.31 and a debt-to-equity ratio of 2.78. The firm’s 50-day moving average price is $14.61 and its two-hundred day moving average price is $13.94. Arbor Realty Trust, Inc. has a 52-week low of $11.77 and a 52-week high of $16.35. The stock has a market capitalization of $2.84 billion, a P/E ratio of 9.36 and a beta of 2.06.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. The business had revenue of $297.19 million for the quarter, compared to analysts’ expectations of $300.69 million. During the same period in the prior year, the firm earned $0.56 EPS. As a group, sell-side analysts forecast that Arbor Realty Trust, Inc. will post 1.7 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 16th. This represents a $1.72 annualized dividend and a dividend yield of 11.41%. Arbor Realty Trust’s dividend payout ratio is currently 106.83%.

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.