Arbor Realty Trust, Inc. (NYSE:ABR) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lessened its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,031 shares of the real estate investment trust’s stock after selling 2,762 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Arbor Realty Trust were worth $358,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake 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 valued at $25,000 after buying an additional 688 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Arbor Realty Trust in the third quarter valued at $38,000. KBC Group NV lifted its stake in Arbor Realty Trust by 39.1% in 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 bought a new stake in Arbor Realty Trust in the third quarter valued at $102,000. Finally, Signaturefd LLC lifted its stake in 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 valued at $126,000 after buying an additional 1,504 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

Shares of 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. The firm’s 50-day simple moving average is $15.10 and its 200 day simple moving average is $14.23. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week 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.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 11.62%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Raymond James raised their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. JMP Securities lifted their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. 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. Finally, Piper Sandler lifted their price objective on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. Two 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, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus 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.