Fmr LLC Increases Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Fmr LLC lifted its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 143.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,732 shares of the real estate investment trust’s stock after buying an additional 15,151 shares during the quarter. Fmr LLC’s holdings in Arbor Realty Trust were worth $400,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Certuity LLC purchased a new position in shares of Arbor Realty Trust in the second quarter valued at about $4,305,000. TrueMark Investments LLC purchased a new position in Arbor Realty Trust in the 2nd quarter worth approximately $2,893,000. Prevail Innovative Wealth Advisors LLC bought a new position in Arbor Realty Trust in the 2nd quarter worth approximately $1,425,000. Charles Schwab Investment Management Inc. grew its holdings in Arbor Realty Trust by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,403,796 shares of the real estate investment trust’s stock valued at $37,403,000 after buying an additional 97,454 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Arbor Realty Trust by 10.2% during the second quarter. Van ECK Associates Corp now owns 990,484 shares of the real estate investment trust’s stock valued at $14,213,000 after buying an additional 91,970 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director William C. Green acquired 5,269 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now directly owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by insiders.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR opened at $13.71 on Friday. The firm has a fifty day simple moving average of $14.80 and a two-hundred day simple moving average of $14.29. Arbor Realty Trust, Inc. has a 52 week low of $11.92 and a 52 week high of $16.35. 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 stock has a market capitalization of $2.59 billion, a P/E ratio of 10.16 and a beta of 2.03.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a $0.43 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 12.55%. Arbor Realty Trust’s dividend payout ratio is currently 127.41%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ABR shares. JMP Securities upped their target price 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. raised their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Finally, Raymond James lifted their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.25.

Arbor Realty Trust 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.