1776 Wealth LLC Lowers Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

1776 Wealth LLC decreased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 16.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,419 shares of the real estate investment trust’s stock after selling 3,672 shares during the quarter. 1776 Wealth LLC’s holdings in Arbor Realty Trust were worth $287,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ABR. GAMMA Investing LLC raised its position in shares of Arbor Realty Trust by 75.5% during the 3rd 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 in the last quarter. Arizona State Retirement System raised its position in shares of Arbor Realty Trust by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock valued at $757,000 after buying an additional 968 shares in the last quarter. US Bancorp DE raised its position in shares of 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 buying an additional 979 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Arbor Realty Trust by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock valued at $1,360,000 after buying an additional 1,400 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in 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 purchasing an additional 1,504 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ABR shares. JPMorgan Chase & Co. upped their price target on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a report on Thursday, October 17th. Raymond James upped their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. 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 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 report on Monday, August 5th. Two investment 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.com, Arbor Realty Trust presently has a consensus rating of “Hold” and an average price target of $14.25.

Arbor Realty Trust Trading Down 0.7 %

ABR stock traded down $0.11 during mid-day trading on Friday, reaching $14.56. The company had a trading volume of 3,209,296 shares, compared to its average volume of 3,821,462. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The company has a market capitalization of $2.75 billion, a PE ratio of 10.80 and a beta of 2.06. The firm has a 50 day moving average of $15.01 and a 200 day moving average of $14.13. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 month high of $16.35.

Arbor Realty Trust Dividend Announcement

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 given a $0.43 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.72 annualized dividend and a dividend yield of 11.81%. Arbor Realty Trust’s 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.