Kovack Advisors Inc. Sells 4,907 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Kovack Advisors Inc. lowered its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,241 shares of the real estate investment trust’s stock after selling 4,907 shares during the quarter. Kovack Advisors Inc.’s holdings in Arbor Realty Trust were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ABR. GAMMA Investing LLC lifted its holdings in shares of Arbor Realty Trust by 75.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 688 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Arbor Realty Trust during the third quarter worth $38,000. Signaturefd LLC boosted its holdings in shares of Arbor Realty Trust by 20.6% in the 2nd quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,504 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of Arbor Realty Trust in the 2nd quarter valued at $147,000. Finally, Disciplined Investments LLC acquired a new position in shares of Arbor Realty Trust during the 3rd quarter worth $156,000. Institutional investors own 57.25% of the company’s stock.

Analyst Upgrades and Downgrades

ABR has been the topic of a number of recent analyst reports. JMP Securities lifted 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. JPMorgan Chase & Co. upped their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Piper Sandler raised their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. Finally, Raymond James boosted their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.25.

Arbor Realty Trust Trading Down 1.3 %

Shares of NYSE ABR opened at $15.13 on Friday. The firm has a 50 day moving average price of $14.99 and a two-hundred day moving average price of $14.12. The stock has a market cap of $2.85 billion, a P/E ratio of 11.20 and a beta of 2.06. Arbor Realty Trust, Inc. has a 52-week low of $11.77 and a 52-week high of $16.35. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 11.37%. The ex-dividend date is Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is currently 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.