Glenmede Trust Co. NA Buys 701 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Glenmede Trust Co. NA grew its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 33.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,818 shares of the real estate investment trust’s stock after purchasing an additional 701 shares during the quarter. Glenmede Trust Co. NA’s holdings in Arbor Realty Trust were worth $44,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in shares of Arbor Realty Trust by 64.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 92,210 shares of the real estate investment trust’s stock valued at $1,435,000 after acquiring an additional 36,099 shares in the last quarter. FMR LLC grew its holdings in shares of Arbor Realty Trust by 143.2% in the 3rd quarter. FMR LLC now owns 25,732 shares of the real estate investment trust’s stock valued at $400,000 after acquiring an additional 15,151 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Arbor Realty Trust by 16.3% in the 3rd quarter. Penserra Capital Management LLC now owns 93,354 shares of the real estate investment trust’s stock valued at $1,452,000 after acquiring an additional 13,109 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Arbor Realty Trust by 3.0% in the 3rd quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust’s stock valued at $370,000 after acquiring an additional 698 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Arbor Realty Trust by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,403,796 shares of the real estate investment trust’s stock valued at $37,403,000 after acquiring an additional 97,454 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 2.3 %

Shares of NYSE:ABR opened at $14.33 on Friday. Arbor Realty Trust, Inc. has a 12-month low of $11.92 and a 12-month high of $16.35. The stock has a market cap of $2.70 billion, a PE ratio of 10.61 and a beta of 2.03. The business has a 50 day moving average of $14.97 and a 200-day moving average of $14.24. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.01%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is presently 127.41%.

Insider Transactions at Arbor Realty Trust

In other news, Director William C. Green acquired 5,269 shares of Arbor Realty Trust stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the acquisition, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

ABR has been the subject of a number of research analyst reports. JMP Securities lifted 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. lifted 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, Raymond James lifted their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.25.

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.