Allspring Global Investments Holdings LLC Reduces Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Allspring Global Investments Holdings LLC reduced its position in shares of Arbor Realty Trust, Inc. (NYSE:ABRFree Report) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,634 shares of the real estate investment trust’s stock after selling 1,824 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Arbor Realty Trust were worth $161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its stake in Arbor Realty Trust by 55.6% in the 2nd quarter. BlackRock Inc. now owns 24,979,705 shares of the real estate investment trust’s stock worth $370,199,000 after acquiring an additional 8,928,167 shares during the period. Vanguard Group Inc. grew its position in shares of Arbor Realty Trust by 7.8% in the third quarter. Vanguard Group Inc. now owns 15,429,978 shares of the real estate investment trust’s stock valued at $177,444,000 after purchasing an additional 1,110,055 shares during the period. Hsbc Holdings PLC increased its stake in Arbor Realty Trust by 21,310.8% in the second quarter. Hsbc Holdings PLC now owns 6,699,668 shares of the real estate investment trust’s stock valued at $98,820,000 after purchasing an additional 6,668,377 shares during the last quarter. State Street Corp lifted its position in Arbor Realty Trust by 84.1% during the second quarter. State Street Corp now owns 6,690,200 shares of the real estate investment trust’s stock worth $99,149,000 after buying an additional 3,055,294 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Arbor Realty Trust by 9.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,514,557 shares of the real estate investment trust’s stock worth $52,086,000 after buying an additional 304,339 shares during the last quarter. 53.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green acquired 4,919 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $13.00 per share, with a total value of $63,947.00. Following the completion of the transaction, the director now directly owns 152,600 shares of the company’s stock, valued at approximately $1,983,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Paul Elenio bought 2,500 shares of Arbor Realty Trust stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $12.20 per share, with a total value of $30,500.00. Following the completion of the transaction, the chief financial officer now owns 279,799 shares in the company, valued at approximately $3,413,547.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William C. Green bought 4,919 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $13.00 per share, with a total value of $63,947.00. Following the completion of the purchase, the director now directly owns 152,600 shares of the company’s stock, valued at approximately $1,983,800. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 92,419 shares of company stock worth $1,129,747. 3.40% of the stock is currently owned by corporate insiders.

Arbor Realty Trust Price Performance

ABR opened at $14.21 on Wednesday. Arbor Realty Trust, Inc. has a 52-week low of $10.10 and a 52-week high of $17.74. The company has a 50 day moving average of $14.33 and a two-hundred day moving average of $14.70. The company has a market cap of $2.68 billion, a P/E ratio of 8.03 and a beta of 2.02. The company has a quick ratio of 38.40, a current ratio of 38.40 and a debt-to-equity ratio of 3.25.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com started coverage on shares of Arbor Realty Trust in a report on Thursday, October 5th. They set a “hold” rating on the stock. Wedbush reissued an “outperform” rating and set a $17.00 price objective on shares of Arbor Realty Trust in a research note on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.67.

View Our Latest Stock Report on Arbor Realty Trust

About Arbor Realty Trust

(Free Report)

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 in two segments, Structured Business and Agency Business. 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.

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Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

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