State of New Jersey Common Pension Fund D Purchases 6,500 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

State of New Jersey Common Pension Fund D raised its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 146,823 shares of the real estate investment trust’s stock after acquiring an additional 6,500 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Arbor Realty Trust were worth $2,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Arbor Realty Trust by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock valued at $20,399,000 after purchasing an additional 43,165 shares in the last quarter. Van ECK Associates Corp raised its holdings in Arbor Realty Trust by 2.7% in the third quarter. Van ECK Associates Corp now owns 1,016,860 shares of the real estate investment trust’s stock worth $15,538,000 after purchasing an additional 26,376 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Arbor Realty Trust by 3.0% in the 1st quarter. ProShare Advisors LLC now owns 612,058 shares of the real estate investment trust’s stock valued at $8,110,000 after buying an additional 17,625 shares in the last quarter. Rhumbline Advisers grew its position in shares of Arbor Realty Trust by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 600,251 shares of the real estate investment trust’s stock worth $8,614,000 after buying an additional 4,126 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Arbor Realty Trust by 5.7% during the third quarter. Raymond James & Associates now owns 478,026 shares of the real estate investment trust’s stock valued at $7,438,000 after acquiring an additional 25,975 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ABR. Raymond James lifted their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. JMP Securities upped their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. raised their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Finally, Piper Sandler upped their price objective 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 issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.25.

Arbor Realty Trust Trading Down 1.1 %

Shares of NYSE:ABR opened at $15.34 on Thursday. 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 52-week low of $11.77 and a 52-week high of $16.35. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 11.36 and a beta of 2.06. The business has a 50-day moving average price of $14.95 and a 200-day moving average price of $14.11.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 11.22%. The ex-dividend date is Friday, November 15th. Arbor Realty Trust’s dividend 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.