Navellier & Associates Inc. Sells 2,181 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Navellier & Associates Inc. cut its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 10.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,015 shares of the real estate investment trust’s stock after selling 2,181 shares during the quarter. Navellier & Associates Inc.’s holdings in Arbor Realty Trust were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in Arbor Realty Trust by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock worth $20,399,000 after purchasing an additional 43,165 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Arbor Realty Trust by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,016,860 shares of the real estate investment trust’s stock worth $15,538,000 after purchasing an additional 26,376 shares in the last quarter. Rhumbline Advisers lifted its holdings in Arbor Realty Trust by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 600,251 shares of the real estate investment trust’s stock worth $8,614,000 after purchasing an additional 4,126 shares in the last quarter. Raymond James & Associates lifted its holdings in Arbor Realty Trust by 5.7% in the 3rd quarter. Raymond James & Associates now owns 478,026 shares of the real estate investment trust’s stock worth $7,438,000 after purchasing an additional 25,975 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Arbor Realty Trust by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 414,825 shares of the real estate investment trust’s stock worth $5,953,000 after purchasing an additional 28,448 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABR. JMP Securities upped their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Piper Sandler upped their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. Raymond James upped 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, JPMorgan Chase & Co. upped their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $14.58 on Friday. The stock’s fifty day moving average is $15.10 and its 200 day moving average is $14.19. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $16.35. The firm has a market capitalization of $2.75 billion, a PE ratio of 10.80 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 11.80%. Arbor Realty Trust’s payout ratio is presently 127.41%.

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.