Amalgamated Bank Sells 1,961 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Amalgamated Bank reduced its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 55,485 shares of the real estate investment trust’s stock after selling 1,961 shares during the quarter. Amalgamated Bank’s holdings in Arbor Realty Trust were worth $863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of 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 valued at $25,000 after purchasing an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Arbor Realty Trust in the 3rd quarter valued at approximately $38,000. Signaturefd LLC lifted its stake in Arbor Realty Trust by 20.6% in the 2nd quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 1,504 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Arbor Realty Trust by 183.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,028 shares of the real estate investment trust’s stock worth $156,000 after acquiring an additional 6,487 shares during the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of Arbor Realty Trust during the 2nd quarter worth approximately $147,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Down 1.3 %

Arbor Realty Trust stock opened at $15.13 on Friday. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $16.35. The firm has a market capitalization of $2.85 billion, a PE ratio of 11.20 and a beta of 2.06. The company’s 50-day moving average is $14.99 and its 200-day moving average is $14.12. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.43 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 11.37%. Arbor Realty Trust’s dividend payout ratio is 127.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ABR. Raymond James boosted their price objective on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Piper Sandler boosted their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday, August 5th. JMP Securities raised their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. upped their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.