Raymond James & Associates boosted its holdings in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 423,248 shares of the real estate investment trust's stock after buying an additional 86,844 shares during the period. Raymond James & Associates owned 0.22% of Arbor Realty Trust worth $6,425,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABR. Financial Freedom LLC purchased a new position in shares of Arbor Realty Trust in the 4th quarter valued at $27,000. State of Wyoming acquired a new stake in Arbor Realty Trust during the 4th quarter valued at $27,000. Money Concepts Capital Corp purchased a new stake in Arbor Realty Trust during the 4th quarter worth $32,000. Sound Income Strategies LLC lifted its holdings in Arbor Realty Trust by 322.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust's stock worth $36,000 after buying an additional 1,791 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Arbor Realty Trust by 1,137.6% in the 2nd quarter. Harbour Investments Inc. now owns 2,636 shares of the real estate investment trust's stock worth $39,000 after buying an additional 2,423 shares in the last quarter. Hedge funds and other institutional investors own 57.25% of the company's stock.
Insider Buying and Selling at Arbor Realty Trust
In other Arbor Realty Trust news, Director William C. Green bought 10,209 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were purchased at an average cost of $12.93 per share, for a total transaction of $132,002.37. Following the transaction, the director now directly owns 162,809 shares in the company, valued at $2,105,120.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Wedbush reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Arbor Realty Trust in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $14.50 to $13.50 and set a "market perform" rating on the stock in a research note on Wednesday, February 21st. JMP Securities dropped their target price on shares of Arbor Realty Trust from $19.00 to $17.00 and set a "market outperform" rating for the company in a research report on Thursday, February 1st. Finally, TheStreet raised shares of Arbor Realty Trust from a "d+" rating to a "c" rating in a research report on Monday, March 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Arbor Realty Trust presently has an average rating of "Hold" and a consensus price target of $15.67.
View Our Latest Stock Report on ABR
Arbor Realty Trust Stock Performance
Shares of NYSE:ABR traded up $0.06 during trading on Tuesday, reaching $12.99. 2,518,994 shares of the company's stock traded hands, compared to its average volume of 4,617,486. The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02. The company has a 50 day moving average of $12.95 and a 200-day moving average of $13.63. Arbor Realty Trust, Inc. has a 12 month low of $10.10 and a 12 month high of $17.74. The stock has a market capitalization of $2.45 billion, a P/E ratio of 7.38 and a beta of 1.97.
Arbor Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.72 annualized dividend and a yield of 13.24%. Arbor Realty Trust's dividend payout ratio is presently 97.73%.
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 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.
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