1776 Wealth LLC Lowers Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

1776 Wealth LLC lessened its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 16.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,419 shares of the real estate investment trust’s stock after selling 3,672 shares during the period. 1776 Wealth LLC’s holdings in Arbor Realty Trust were worth $287,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. UniSuper Management Pty Ltd purchased a new stake in shares of Arbor Realty Trust in the 1st quarter worth approximately $667,000. Avantax Advisory Services Inc. lifted its position in Arbor Realty Trust by 8.4% during the first quarter. Avantax Advisory Services Inc. now owns 33,321 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 2,568 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Arbor Realty Trust by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 95,129 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 6,697 shares during the last quarter. Cetera Investment Advisers lifted its position in Arbor Realty Trust by 358.5% during the first quarter. Cetera Investment Advisers now owns 220,559 shares of the real estate investment trust’s stock valued at $2,922,000 after acquiring an additional 172,454 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Arbor Realty Trust by 65.6% during the first quarter. Janus Henderson Group PLC now owns 143,656 shares of the real estate investment trust’s stock valued at $1,904,000 after acquiring an additional 56,897 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analysts Set New Price Targets

ABR has been the subject of a number of research analyst reports. Piper Sandler raised their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. JMP Securities raised their price target on shares of 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 price target on shares of 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 raised 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. Two 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 company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded down $0.11 during midday trading on Friday, reaching $14.56. The company’s stock had a trading volume of 3,209,296 shares, compared to its average volume of 3,821,462. The firm has a market capitalization of $2.75 billion, a PE ratio of 10.80 and a beta of 2.06. Arbor Realty Trust, Inc. has a twelve month low of $11.77 and a twelve month high of $16.35. The stock has a fifty day moving average of $15.01 and a 200 day moving average of $14.13. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.43 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.81%. Arbor Realty Trust’s payout ratio is currently 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.