Arbor Realty Trust, Inc. (NYSE:ABR) Stock Position Lessened by Covestor Ltd

Covestor Ltd reduced its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 35.7% during the third quarter, Holdings Channel.com reports. The firm owned 11,344 shares of the real estate investment trust’s stock after selling 6,307 shares during the period. Covestor Ltd’s holdings in Arbor Realty Trust were worth $177,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. UniSuper Management Pty Ltd bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth about $667,000. Avantax Advisory Services Inc. raised its holdings in Arbor Realty Trust by 8.4% during the first quarter. Avantax Advisory Services Inc. now owns 33,321 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 2,568 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Arbor Realty Trust by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 95,129 shares of the real estate investment trust’s stock worth $1,261,000 after purchasing an additional 6,697 shares during the period. Cetera Investment Advisers increased its position in shares of Arbor Realty Trust by 358.5% during the 1st quarter. Cetera Investment Advisers now owns 220,559 shares of the real estate investment trust’s stock valued at $2,922,000 after purchasing an additional 172,454 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in shares of Arbor Realty Trust in the 1st quarter worth $2,520,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ABR shares. JPMorgan Chase & Co. raised their target price 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. Raymond James lifted 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. JMP Securities increased their target price on shares of 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, Piper Sandler upped 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 investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Arbor Realty Trust presently has an average rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Stock Up 2.6 %

ABR stock opened at $15.53 on Monday. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 37.31. The firm has a market capitalization of $2.93 billion, a P/E ratio of 11.50 and a beta of 2.06. Arbor Realty Trust, Inc. has a 52-week low of $11.77 and a 52-week high of $16.35. The company’s 50 day simple moving average is $14.82 and its 200-day simple moving average is $14.06.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.08%. Arbor Realty Trust’s dividend payout ratio is 127.41%.

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.