Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys New Shares in Arbor Realty Trust, Inc. (NYSE:ABR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Arbor Realty Trust, Inc. (NYSE:ABR) in the second quarter, HoldingsChannel.com reports. The firm bought 204,779 shares of the real estate investment trust’s stock, valued at approximately $3,035,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Arbor Realty Trust by 11.7% during the 1st quarter. BlackRock Inc. now owns 16,051,538 shares of the real estate investment trust’s stock worth $184,432,000 after acquiring an additional 1,678,532 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Arbor Realty Trust by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 15,429,978 shares of the real estate investment trust’s stock worth $177,444,000 after acquiring an additional 1,110,055 shares in the last quarter. State Street Corp boosted its position in shares of Arbor Realty Trust by 7.8% during the 1st quarter. State Street Corp now owns 3,634,906 shares of the real estate investment trust’s stock worth $41,765,000 after acquiring an additional 264,231 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Arbor Realty Trust by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 3,210,218 shares of the real estate investment trust’s stock worth $36,885,000 after acquiring an additional 105,609 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Arbor Realty Trust by 4.2% during the 2nd quarter. Northern Trust Corp now owns 1,786,167 shares of the real estate investment trust’s stock worth $23,417,000 after acquiring an additional 71,247 shares in the last quarter. 53.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABR has been the subject of several analyst reports. Piper Sandler cut Arbor Realty Trust from an “overweight” rating to an “underweight” rating and set a $16.00 price objective for the company. in a research report on Monday, July 31st. JPMorgan Chase & Co. cut Arbor Realty Trust from a “neutral” rating to an “underweight” rating and upped their target price for the company from $11.50 to $13.50 in a research report on Monday, July 24th. StockNews.com began coverage on Arbor Realty Trust in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Raymond James upped their target price on Arbor Realty Trust from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.33.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director Joseph Martello sold 80,161 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $12.47, for a total transaction of $999,607.67. Following the completion of the transaction, the director now directly owns 702,335 shares of the company’s stock, valued at approximately $8,758,117.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Arbor Realty Trust news, CEO Ivan Kaufman bought 10,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $12.47 per share, with a total value of $124,700.00. Following the purchase, the chief executive officer now owns 1,033,412 shares in the company, valued at approximately $12,886,647.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Martello sold 80,161 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $12.47, for a total value of $999,607.67. Following the transaction, the director now directly owns 702,335 shares of the company’s stock, valued at $8,758,117.45. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Arbor Realty Trust Stock Up 2.1 %

ABR opened at $12.50 on Monday. The business has a 50 day moving average price of $14.04 and a two-hundred day moving average price of $14.47. The company has a quick ratio of 38.40, a current ratio of 38.40 and a debt-to-equity ratio of 3.25. The company has a market cap of $2.36 billion, a PE ratio of 7.06 and a beta of 2.04. Arbor Realty Trust, Inc. has a 52 week low of $10.10 and a 52 week high of $17.74.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 13.76%. The ex-dividend date of this dividend is Thursday, November 16th. Arbor Realty Trust’s dividend payout ratio is presently 97.18%.

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 in two segments, Structured Business and Agency Business. 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.