Raymond James Trust N.A. Purchases 698 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Raymond James Trust N.A. grew its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 3.0% during the third quarter, Holdings Channel reports. The fund owned 23,769 shares of the real estate investment trust’s stock after purchasing an additional 698 shares during the period. Raymond James Trust N.A.’s holdings in Arbor Realty Trust were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Arbor Realty Trust by 75.5% in the third 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 in the last quarter. Arizona State Retirement System increased its stake in shares of Arbor Realty Trust by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 968 shares in the last quarter. US Bancorp DE lifted its position in Arbor Realty Trust by 6.3% during the 3rd quarter. US Bancorp DE now owns 16,504 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 979 shares during the period. Louisiana State Employees Retirement System grew its holdings in Arbor Realty Trust by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 1,400 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Arbor Realty Trust by 20.6% during the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,504 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ABR. Piper Sandler lifted their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. Raymond James increased their price objective on shares of 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 lifted 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 report on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their price objective 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 given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Trading Up 0.5 %

Shares of NYSE:ABR 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 stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 10.99 and a beta of 2.06. 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 stock’s 50-day simple moving average is $15.10 and its two-hundred day simple moving average is $14.21.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 11.59%. The ex-dividend date of this dividend is Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is presently 127.41%.

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.