B. Metzler seel. Sohn & Co. Holding AG bought a new position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 86,747 shares of the real estate investment trust's stock, valued at approximately $1,350,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. UniSuper Management Pty Ltd acquired a new stake in shares of Arbor Realty Trust in the first quarter worth $667,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Arbor Realty Trust by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 95,129 shares of the real estate investment trust's stock worth $1,261,000 after acquiring an additional 6,697 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Arbor Realty Trust by 358.5% during the first 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 holdings in shares of 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 in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of 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 worth $1,451,000 after acquiring an additional 39,928 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.
Analyst Ratings Changes
ABR has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. lifted their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an "underweight" rating in a research report on Thursday, October 17th. JMP Securities lifted their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a "market outperform" rating in a research report on Friday, September 27th. Finally, Piper Sandler lifted their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an "underweight" rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Arbor Realty Trust presently has a consensus rating of "Hold" and an average target price of $14.25.
Get Our Latest Report on ABR
Arbor Realty Trust Price Performance
Shares of ABR traded up $0.08 on Friday, hitting $14.58. The company's stock had a trading volume of 1,504,223 shares, compared to its average volume of 2,493,745. The company has a market capitalization of $2.75 billion, a PE 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, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $16.35. The company has a 50 day moving average price of $15.10 and a 200 day moving average price of $14.19.
Arbor Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 11.80%. The ex-dividend date is Friday, November 15th. Arbor Realty Trust's payout ratio is currently 127.41%.
Arbor Realty Trust Profile
(
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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