Intech Investment Management LLC Acquires New Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Intech Investment Management LLC bought a new position in Arbor Realty Trust, Inc. (NYSE:ABR) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 52,681 shares of the real estate investment trust’s stock, valued at approximately $820,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Arbor Realty Trust by 75.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Arbor Realty Trust in the third quarter worth $38,000. KBC Group NV boosted its position in 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 period. Prospera Private Wealth LLC bought a new position in shares of Arbor Realty Trust during the third quarter valued at about $102,000. Finally, Signaturefd LLC increased its holdings in shares of Arbor Realty Trust by 20.6% in the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,504 shares during the period. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $14.80 on Friday. 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, Inc. has a twelve month low of $11.77 and a twelve month high of $16.35. The stock has a market cap of $2.79 billion, a P/E ratio of 10.96 and a beta of 2.06. The firm’s fifty day simple moving average is $15.10 and its 200 day simple moving average is $14.23.

Arbor Realty Trust Announces Dividend

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 dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 11.62%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is currently 127.41%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ABR shares. Raymond James increased their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. raised their target price 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. JMP Securities upped their price target on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Finally, Piper Sandler raised their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Arbor Realty Trust has a consensus rating of “Hold” and a consensus target price 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.