Azora Capital LP Reduces Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Azora Capital LP reduced its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 24.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,170,679 shares of the real estate investment trust’s stock after selling 373,695 shares during the period. Arbor Realty Trust comprises 1.0% of Azora Capital LP’s investment portfolio, making the stock its 27th largest position. Azora Capital LP owned 0.62% of Arbor Realty Trust worth $18,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABR. GAMMA Investing LLC increased its stake in shares of Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 688 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Arbor Realty Trust in the 3rd quarter worth $38,000. Glenmede Trust Co. NA increased its position in shares of Arbor Realty Trust by 33.1% in the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 701 shares during the period. KBC Group NV raised its stake in shares of 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 valued at $100,000 after acquiring an additional 1,796 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Arbor Realty Trust during the third quarter worth about $102,000. Institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities boosted their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Piper Sandler boosted their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. Raymond James upped their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Trading Down 0.9 %

NYSE ABR opened at $14.67 on Monday. The stock’s 50 day moving average is $15.09 and its 200 day moving average is $14.23. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The firm has a market capitalization of $2.77 billion, a PE ratio of 10.87 and a beta of 2.06. Arbor Realty Trust, Inc. has a twelve month low of $11.92 and a twelve month high of $16.35.

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 given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is presently 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.