Penserra Capital Management LLC Raises Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Penserra Capital Management LLC grew its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 16.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 93,354 shares of the real estate investment trust’s stock after purchasing an additional 13,109 shares during the quarter. Penserra Capital Management LLC’s holdings in Arbor Realty Trust were worth $1,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABR. GAMMA Investing LLC grew its position in Arbor Realty Trust by 75.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 688 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Arbor Realty Trust during the third quarter worth $38,000. KBC Group NV grew its holdings in shares of Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,796 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Arbor Realty Trust in the 3rd quarter valued at $102,000. Finally, Signaturefd LLC increased its position in shares of Arbor Realty Trust by 20.6% in the 2nd quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 1,504 shares during the period. 57.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler lifted their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday, August 5th. 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. 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 report on Friday, September 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.25.

Arbor Realty Trust Stock Up 0.5 %

Arbor Realty Trust stock opened at $14.84 on Wednesday. Arbor Realty Trust, Inc. has a 52 week low of $11.77 and a 52 week high of $16.35. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 10.99 and a beta of 2.06. The business’s 50-day moving average price is $15.10 and its 200 day moving average price is $14.21. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 11.59%. The ex-dividend date is 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.