Geode Capital Management LLC Boosts Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Geode Capital Management LLC raised its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,298,957 shares of the real estate investment trust’s stock after buying an additional 45,370 shares during the quarter. Geode Capital Management LLC’s holdings in Arbor Realty Trust were worth $66,905,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ABR. Louisiana State Employees Retirement System increased its stake in Arbor Realty Trust by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock worth $1,360,000 after acquiring an additional 1,400 shares during the last quarter. Bank of New York Mellon Corp raised its holdings 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 valued at $20,399,000 after buying an additional 43,165 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Arbor Realty Trust by 21.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,654 shares of the real estate investment trust’s stock worth $698,000 after buying an additional 8,655 shares during the last quarter. TrueMark Investments LLC purchased a new position in Arbor Realty Trust during the second quarter worth $2,893,000. Finally, Signaturefd LLC increased its position in Arbor Realty Trust by 20.6% during the second 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 during the last quarter. Institutional investors own 57.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target 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. JMP Securities boosted their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research report on Friday, September 27th. Finally, 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 report on Thursday, September 19th. Two equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR opened at $13.76 on Friday. The firm’s 50 day simple moving average is $14.77 and its 200-day simple moving average is $14.28. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. Arbor Realty Trust, Inc. has a one year low of $11.92 and a one year high of $16.35. The firm has a market cap of $2.60 billion, a PE ratio of 10.19 and a beta of 2.03.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 12.50%. Arbor Realty Trust’s payout ratio is currently 127.41%.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now owns 178,797 shares in the company, valued at $2,533,553.49. This trade represents a 3.04 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

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.