Charles Schwab Investment Management Inc. Has $37.40 Million Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Charles Schwab Investment Management Inc. increased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,403,796 shares of the real estate investment trust’s stock after purchasing an additional 97,454 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Arbor Realty Trust were worth $37,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ABR. Bank of New York Mellon Corp increased its position in Arbor Realty Trust by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock worth $20,399,000 after buying an additional 43,165 shares during the period. Van ECK Associates Corp increased its position in Arbor Realty Trust by 2.7% during the third quarter. Van ECK Associates Corp now owns 1,016,860 shares of the real estate investment trust’s stock worth $15,538,000 after acquiring an additional 26,376 shares during the period. Rhumbline Advisers raised its stake in Arbor Realty Trust by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 600,251 shares of the real estate investment trust’s stock worth $8,614,000 after purchasing an additional 4,126 shares in the last quarter. Raymond James & Associates boosted its holdings in Arbor Realty Trust by 5.7% in the 3rd quarter. Raymond James & Associates now owns 478,026 shares of the real estate investment trust’s stock valued at $7,438,000 after purchasing an additional 25,975 shares during the period. Finally, Public Sector Pension Investment Board grew its position in shares of Arbor Realty Trust by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 414,825 shares of the real estate investment trust’s stock worth $5,953,000 after purchasing an additional 28,448 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ABR. JPMorgan Chase & Co. boosted their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Piper Sandler upped their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. JMP Securities boosted their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. Finally, Raymond James increased 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 note on Thursday, September 19th. 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 company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust has an average rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $14.56 on Tuesday. Arbor Realty Trust, Inc. has a twelve month low of $11.92 and a twelve month high of $16.35. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The stock’s 50-day simple moving average is $15.09 and its 200 day simple moving average is $14.23. The firm has a market capitalization of $2.75 billion, a PE ratio of 10.89 and a beta of 2.06.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 11.82%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

About Arbor Realty Trust

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.