Intech Investment Management LLC Acquires Shares of 52,681 Arbor Realty Trust, Inc. (NYSE:ABR)

Intech Investment Management LLC purchased a new stake in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 52,681 shares of the real estate investment trust's stock, valued at approximately $820,000.

Several other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in Arbor Realty Trust by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust's stock worth $20,399,000 after purchasing an additional 43,165 shares during the period. Van ECK Associates Corp grew its stake in shares of Arbor Realty Trust by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,016,860 shares of the real estate investment trust's stock worth $15,538,000 after acquiring an additional 26,376 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Arbor Realty Trust by 0.7% during the 2nd quarter. Rhumbline Advisers now owns 600,251 shares of the real estate investment trust's stock worth $8,614,000 after buying an additional 4,126 shares in the last quarter. Raymond James & Associates grew its stake in Arbor Realty Trust by 5.7% in the 3rd quarter. Raymond James & Associates now owns 478,026 shares of the real estate investment trust's stock valued at $7,438,000 after purchasing an additional 25,975 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in Arbor Realty Trust by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 414,825 shares of the real estate investment trust's stock worth $5,953,000 after buying an additional 28,448 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of 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 boosted their price target on shares of 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. Raymond James increased their price objective 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. Finally, Piper Sandler lifted their target price on shares of 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 research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $14.25.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR traded down $0.13 during midday trading on Friday, reaching $14.67. 1,099,485 shares of the company were exchanged, compared to its average volume of 3,755,398. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. Arbor Realty Trust, Inc. has a one year low of $11.92 and a one year high of $16.35. The business's fifty day moving average is $15.09 and its two-hundred day moving average is $14.23. The stock has a market cap of $2.77 billion, a PE ratio of 10.96 and a beta of 2.06.

Arbor Realty Trust Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust's dividend payout ratio is currently 127.41%.

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.