Arbor Realty Trust, Inc. (NYSE:ABR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,403,796 shares of the real estate investment trust's stock after buying an additional 97,454 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.27% of Arbor Realty Trust worth $37,403,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Certuity LLC purchased a new position in shares of Arbor Realty Trust during the 2nd quarter worth $4,305,000. TrueMark Investments LLC purchased a new position in shares of Arbor Realty Trust during the 2nd quarter worth $2,893,000. Cetera Investment Advisers grew its holdings in shares of Arbor Realty Trust by 358.5% during the 1st quarter. Cetera Investment Advisers now owns 220,559 shares of the real estate investment trust's stock worth $2,922,000 after purchasing an additional 172,454 shares during the period. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Arbor Realty Trust during the 2nd quarter worth $1,425,000. Finally, Van ECK Associates Corp grew its holdings in shares of Arbor Realty Trust by 10.2% during the 2nd quarter. Van ECK Associates Corp now owns 990,484 shares of the real estate investment trust's stock worth $14,213,000 after purchasing an additional 91,970 shares during the period. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ABR. Raymond James increased their target price 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. JMP Securities increased their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a "market outperform" rating in a research note on Friday, September 27th. JPMorgan Chase & Co. increased their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an "underweight" rating in a research note on Thursday, October 17th. Finally, Piper Sandler increased their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the company an "underweight" rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $14.25.

Arbor Realty Trust Stock Performance

Shares of ABR stock traded down $0.41 during midday trading on Tuesday, hitting $14.15. The company had a trading volume of 3,312,063 shares, compared to its average volume of 2,282,745. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The company's 50 day simple moving average is $15.07 and its 200 day simple moving average is $14.23. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 10.48 and a beta of 2.03. Arbor Realty Trust, Inc. has a 52-week low of $11.92 and a 52-week high of $16.35.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 12.16%. Arbor Realty Trust's dividend payout ratio is presently 127.41%.

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.