Quest Partners LLC Grows Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Quest Partners LLC boosted its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 1,053.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,342 shares of the real estate investment trust’s stock after purchasing an additional 8,532 shares during the period. Quest Partners LLC’s holdings in Arbor Realty Trust were worth $145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV increased its stake in Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Arbor Realty Trust by 4.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 146,823 shares of the real estate investment trust’s stock worth $2,285,000 after acquiring an additional 6,500 shares in the last quarter. Disciplined Investments LLC purchased a new stake in shares of Arbor Realty Trust during the third quarter worth $156,000. Sigma Planning Corp raised its stake in shares of Arbor Realty Trust by 21.5% in the third quarter. Sigma Planning Corp now owns 27,528 shares of the real estate investment trust’s stock valued at $428,000 after acquiring an additional 4,872 shares in the last quarter. Finally, Dudley Capital Management LLC purchased a new position in Arbor Realty Trust in the third quarter valued at $163,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABR has been the topic of several recent research reports. JMP Securities upped their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. JPMorgan Chase & Co. raised their target price 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. Piper Sandler lifted their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Finally, Raymond James increased their price objective on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.25.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $14.80 on Friday. The firm’s 50 day moving average is $15.10 and its two-hundred day moving average is $14.23. The firm has a market capitalization of $2.79 billion, a P/E ratio of 10.96 and a beta of 2.06. 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.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.62%. Arbor Realty Trust’s payout ratio is 127.41%.

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.