US Bancorp DE Increases Position in Arbor Realty Trust, Inc. (NYSE:ABR)

US Bancorp DE lifted its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 6.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,504 shares of the real estate investment trust’s stock after acquiring an additional 979 shares during the quarter. US Bancorp DE’s holdings in Arbor Realty Trust were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ABR. GAMMA Investing LLC grew its stake in Arbor Realty Trust by 75.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 688 shares during the period. Arizona State Retirement System increased its holdings in Arbor Realty Trust by 1.9% during the second quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 968 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Arbor Realty Trust by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock worth $1,360,000 after acquiring an additional 1,400 shares during the period. Signaturefd LLC boosted its stake in Arbor Realty Trust by 20.6% in the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Alpha Cubed Investments LLC grew its position in shares of Arbor Realty Trust by 14.6% during the 3rd quarter. Alpha Cubed Investments LLC now owns 15,124 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 1,924 shares during the period. 57.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ABR shares. JPMorgan Chase & Co. upped their price objective 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. JMP Securities upped their price target 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. Raymond James lifted their price objective 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, 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.25.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $15.34 on Thursday. The stock has a fifty day moving average of $14.95 and a 200-day moving average of $14.11. The stock has a market cap of $2.89 billion, a PE ratio of 11.36 and a beta of 2.06. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $16.35.

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date of this dividend is Friday, November 15th. Arbor Realty Trust’s payout ratio is 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.