Arbor Realty Trust, Inc. (NYSE:ABR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,359 shares of the real estate investment trust’s stock after selling 2,627 shares during the period. Mutual of America Capital Management LLC’s holdings in Arbor Realty Trust were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 43,165 shares during the last quarter. Van ECK Associates Corp raised its position 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 valued at $15,538,000 after purchasing an additional 26,376 shares in the last quarter. Rhumbline Advisers raised its position in shares of Arbor Realty Trust by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 600,251 shares of the real estate investment trust’s stock valued at $8,614,000 after purchasing an additional 4,126 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Arbor Realty Trust by 5.7% during 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 buying an additional 25,975 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

ABR has been the topic of several recent analyst reports. Raymond James upped their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. JMP Securities increased 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 report on Friday, September 27th. JPMorgan Chase & Co. boosted their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a report on Thursday, October 17th. Finally, Piper Sandler increased their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the stock 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 given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Price Performance

ABR opened at $14.80 on Thursday. 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 company’s 50-day moving average price is $15.11 and its 200 day moving average price is $14.22. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $16.35. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 11.13 and a beta of 2.06.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.63%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s payout ratio is 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.