Avior Wealth Management LLC Grows Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Avior Wealth Management LLC increased its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 72.9% during the third quarter, HoldingsChannel.com reports. The firm owned 11,534 shares of the real estate investment trust’s stock after acquiring an additional 4,862 shares during the quarter. Avior Wealth Management LLC’s holdings in Arbor Realty Trust were worth $179,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of 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 during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Arbor Realty Trust in the 3rd quarter worth about $38,000. KBC Group NV raised its position in Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 1,796 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Arbor Realty Trust by 20.6% during 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 last quarter. Finally, Quest Partners LLC grew its stake in shares of Arbor Realty Trust by 1,053.3% in the third quarter. Quest Partners LLC now owns 9,342 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 8,532 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

Shares of ABR opened at $14.58 on Friday. Arbor Realty Trust, Inc. has a 52 week low of $11.77 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 cap of $2.75 billion, a price-to-earnings ratio of 10.80 and a beta of 2.06. The business has a 50-day simple moving average of $15.10 and a two-hundred day simple moving average of $14.19.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 11.80%. The ex-dividend date is Friday, November 15th. Arbor Realty Trust’s payout ratio is 127.41%.

Wall Street Analyst Weigh In

A number of research firms have commented on ABR. 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 research report on Friday, September 27th. Raymond James upped their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. raised their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Finally, Piper Sandler upped their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.25.

About Arbor Realty Trust

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.