Arbor Realty Trust, Inc. (NYSE:ABR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,298,957 shares of the real estate investment trust's stock after acquiring an additional 45,370 shares during the quarter. Geode Capital Management LLC owned about 2.28% of Arbor Realty Trust worth $66,905,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ABR. Wasatch Advisors LP increased its stake in Arbor Realty Trust by 29.4% during the 3rd 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. Certuity LLC acquired a new position in shares of Arbor Realty Trust in the 2nd quarter valued at $4,305,000. TrueMark Investments LLC purchased a new position in Arbor Realty Trust in the 2nd quarter worth $2,893,000. Kestra Investment Management LLC acquired a new stake in Arbor Realty Trust during the 3rd quarter worth about $1,823,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Arbor Realty Trust by 52.3% in 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 during the period. Institutional investors and hedge funds own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

Shares of ABR traded up $0.05 during trading hours on Friday, hitting $13.76. The stock had a trading volume of 4,485,350 shares, compared to its average volume of 3,662,929. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 10.19 and a beta of 2.03. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The firm has a 50-day moving average price of $14.77 and a 200 day moving average price of $14.29. Arbor Realty Trust, Inc. has a fifty-two week low of $11.92 and a fifty-two week high of $16.35.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 12.50%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust's payout ratio is currently 127.41%.

Analyst Ratings Changes

A number of brokerages recently commented on ABR. Raymond James upped their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Thursday, September 19th. JMP Securities upped their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a "market outperform" rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an "underweight" rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.25.

Insider Activity

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the transaction, the director now directly owns 178,797 shares of the company's stock, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.70% 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.