Azora Capital LP Trims Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Azora Capital LP decreased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 24.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,170,679 shares of the real estate investment trust's stock after selling 373,695 shares during the quarter. Arbor Realty Trust makes up 1.0% of Azora Capital LP's holdings, making the stock its 27th largest holding. Azora Capital LP owned about 0.62% of Arbor Realty Trust worth $18,216,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC bought a new stake in Arbor Realty Trust during the third quarter valued at about $1,823,000. Wasatch Advisors LP boosted its position in Arbor Realty Trust by 29.4% during the third quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust's stock valued at $54,637,000 after purchasing an additional 797,453 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Arbor Realty Trust during the third quarter valued at about $1,443,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Arbor Realty Trust by 52.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust's stock valued at $4,535,000 after purchasing an additional 100,055 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 701 shares in the last quarter. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded down $0.12 during trading on Monday, hitting $14.55. The stock had a trading volume of 2,601,517 shares, compared to its average volume of 3,747,812. Arbor Realty Trust, Inc. has a 12-month low of $11.92 and a 12-month high of $16.35. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 10.89 and a beta of 2.06. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The stock has a 50-day simple moving average of $15.09 and a two-hundred day simple moving average of $14.23.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 11.82%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust's payout ratio is 127.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ABR shares. JMP Securities increased their price target on 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. Piper Sandler increased their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the company an "underweight" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price target 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. Finally, Raymond James increased their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.25.

About Arbor Realty Trust

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.