B. Riley Wealth Advisors Inc. Acquires 7,156 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

B. Riley Wealth Advisors Inc. boosted its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 44.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,228 shares of the real estate investment trust’s stock after purchasing an additional 7,156 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Arbor Realty Trust were worth $354,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its position in shares of Arbor Realty Trust by 29.4% during the third quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust’s stock valued at $54,637,000 after buying an additional 797,453 shares during the last quarter. Certuity LLC bought a new stake in Arbor Realty Trust in the 2nd quarter valued at $4,305,000. TrueMark Investments LLC purchased a new stake in Arbor Realty Trust in the 2nd quarter worth $2,893,000. Kestra Investment Management LLC bought a new position in shares of Arbor Realty Trust during the 3rd quarter valued at about $1,823,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Arbor Realty Trust by 52.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock valued at $4,535,000 after purchasing an additional 100,055 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $13.76 on Friday. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 10.19 and a beta of 2.03. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The business has a 50 day simple moving average of $14.80 and a 200-day simple moving average of $14.29. Arbor Realty Trust, Inc. has a 1 year low of $11.92 and a 1 year high of $16.35.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 12.50%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is 127.41%.

Insider Activity

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $14.17 per share, with a total value of $74,661.73. Following the purchase, the director now owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased 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. JMP Securities increased their target price 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. Finally, Raymond James boosted their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Two 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.