Arbor Realty Trust, Inc. (NYSE:ABR) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 710.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,144 shares of the real estate investment trust's stock after buying an additional 75,510 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Arbor Realty Trust were worth $1,308,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ABR. SG Americas Securities LLC acquired a new stake in Arbor Realty Trust during the 3rd quarter worth approximately $1,511,000. Everence Capital Management Inc. acquired a new stake in shares of Arbor Realty Trust in the 3rd quarter valued at $368,000. Avior Wealth Management LLC raised its holdings in shares of Arbor Realty Trust by 17.1% in the 3rd quarter. Avior Wealth Management LLC now owns 8,178 shares of the real estate investment trust's stock valued at $124,000 after purchasing an additional 1,194 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Arbor Realty Trust by 39.8% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 20,058 shares of the real estate investment trust's stock valued at $304,000 after purchasing an additional 5,715 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Arbor Realty Trust by 8.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 328,637 shares of the real estate investment trust's stock valued at $4,989,000 after purchasing an additional 24,631 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an "underweight" rating on the stock in a report on Wednesday, April 10th. Wedbush reiterated a "neutral" rating and set a $13.00 price target (down from $17.00) on shares of Arbor Realty Trust in a research note on Thursday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a "market perform" rating on the stock in a research note on Wednesday, April 10th. JMP Securities cut their price target on shares of Arbor Realty Trust from $19.00 to $17.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 1st. Finally, TheStreet upgraded shares of Arbor Realty Trust from a "d+" rating to a "c" rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Arbor Realty Trust presently has a consensus rating of "Hold" and an average target price of $14.71.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock traded up $0.45 during midday trading on Tuesday, hitting $13.21. 4,735,159 shares of the company's stock were exchanged, compared to its average volume of 4,575,292. Arbor Realty Trust, Inc. has a 12-month low of $10.10 and a 12-month high of $17.74. The company has a debt-to-equity ratio of 3.21, a quick ratio of 36.02 and a current ratio of 36.02. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 7.50 and a beta of 1.97. The firm's 50 day simple moving average is $12.91 and its 200 day simple moving average is $13.49.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 13.03%. The ex-dividend date was Friday, March 1st. Arbor Realty Trust's payout ratio is 97.73%.

Insider Activity

In other news, Director William C. Green bought 10,209 shares of the stock in a transaction dated Monday, March 18th. The shares were acquired at an average price of $12.93 per share, with a total value of $132,002.37. Following the completion of the acquisition, the director now directly owns 162,809 shares in the company, valued at $2,105,120.37. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.40% of the company's stock.

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.