Prospera Private Wealth LLC Makes New Investment in Arbor Realty Trust, Inc. (NYSE:ABR)

Prospera Private Wealth LLC bought a new stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,587 shares of the real estate investment trust’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. UniSuper Management Pty Ltd acquired a new stake in Arbor Realty Trust in the first quarter valued at approximately $667,000. Price T Rowe Associates Inc. MD grew its stake in Arbor Realty Trust by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 95,129 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 6,697 shares during the period. Cetera Investment Advisers increased its holdings in Arbor Realty Trust by 358.5% in the 1st quarter. Cetera Investment Advisers now owns 220,559 shares of the real estate investment trust’s stock worth $2,922,000 after acquiring an additional 172,454 shares in the last quarter. Janus Henderson Group PLC raised its position in Arbor Realty Trust by 65.6% during the first quarter. Janus Henderson Group PLC now owns 143,656 shares of the real estate investment trust’s stock worth $1,904,000 after acquiring an additional 56,897 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Arbor Realty Trust by 74.9% during the third quarter. SG Americas Securities LLC now owns 93,265 shares of the real estate investment trust’s stock valued at $1,451,000 after purchasing an additional 39,928 shares in the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $14.50 on Friday. Arbor Realty Trust, Inc. has a one year low of $11.77 and a one year high of $16.35. The stock has a market cap of $2.73 billion, a PE ratio of 10.74 and a beta of 2.06. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The stock has a 50 day moving average price of $15.10 and a 200 day moving average price of $14.18.

Arbor Realty Trust Dividend Announcement

The business also recently announced 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.87%. The ex-dividend date is Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped 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 report on Thursday, October 17th. Piper Sandler raised 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. Raymond James boosted their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Finally, 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. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.25.

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.