Advisors Asset Management Inc. Has $2.66 Million Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Advisors Asset Management Inc. boosted its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,764 shares of the real estate investment trust’s stock after purchasing an additional 15,182 shares during the period. Advisors Asset Management Inc. owned 0.09% of Arbor Realty Trust worth $2,657,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Arbor Realty Trust by 75.5% during the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Arbor Realty Trust during the 3rd quarter worth about $38,000. KBC Group NV grew its stake in Arbor Realty Trust by 39.1% during the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 1,796 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Arbor Realty Trust in the 3rd quarter valued at about $102,000. Finally, Signaturefd LLC lifted its position in shares of Arbor Realty Trust by 20.6% in the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 1,504 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Trading Up 0.6 %

Arbor Realty Trust stock opened at $14.58 on Friday. Arbor Realty Trust, Inc. has a one year low of $11.77 and a one year high of $16.35. The company’s fifty day moving average price is $15.10 and its two-hundred day moving average price is $14.19. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 10.80 and a beta of 2.06. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 11.80%. The ex-dividend date is Friday, November 15th. Arbor Realty Trust’s payout ratio is 127.41%.

Analyst Ratings Changes

A number of research analysts recently commented on ABR shares. Raymond James boosted their price objective on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Piper Sandler upped their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research note on Monday, August 5th. JMP Securities lifted their price objective 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, JPMorgan Chase & Co. boosted 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Arbor Realty Trust currently has an average rating of “Hold” and an average 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.