Fmr LLC Acquires 15,151 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Fmr LLC raised its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 143.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,732 shares of the real estate investment trust’s stock after acquiring an additional 15,151 shares during the quarter. Fmr LLC’s holdings in Arbor Realty Trust were worth $400,000 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. Charles Schwab Investment Management Inc. boosted its stake in shares of Arbor Realty Trust by 4.2% during the third 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 purchasing an additional 97,454 shares during the period. Bank of New York Mellon Corp boosted its position in 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 buying an additional 43,165 shares during the period. Van ECK Associates Corp boosted its position in Arbor Realty Trust by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,016,860 shares of the real estate investment trust’s stock valued at $15,538,000 after buying an additional 26,376 shares during the period. Rhumbline Advisers grew its stake in 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 acquiring an additional 4,126 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of 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 worth $7,438,000 after acquiring an additional 25,975 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $14.17 per share, with a total value of $74,661.73. Following the completion of the transaction, the director now owns 178,797 shares in the company, valued at $2,533,553.49. This represents a 3.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by insiders.

Arbor Realty Trust Stock Down 0.4 %

Shares of NYSE ABR opened at $13.71 on Friday. Arbor Realty Trust, Inc. has a 12-month low of $11.92 and a 12-month high of $16.35. The stock’s fifty day simple moving average is $14.80 and its two-hundred day simple moving average is $14.29. The stock has a market capitalization of $2.59 billion, a PE ratio of 10.16 and a beta of 2.03. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.55%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s payout ratio is currently 127.41%.

Wall Street Analysts Forecast Growth

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

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 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.