Wasatch Advisors LP Has $54.64 Million Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Wasatch Advisors LP increased its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 29.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,511,381 shares of the real estate investment trust’s stock after acquiring an additional 797,453 shares during the period. Wasatch Advisors LP owned about 1.86% of Arbor Realty Trust worth $54,637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABR. Price T Rowe Associates Inc. MD raised its holdings in shares of Arbor Realty Trust by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 95,129 shares of the real estate investment trust’s stock worth $1,261,000 after acquiring an additional 6,697 shares during the last quarter. Janus Henderson Group PLC grew its position in Arbor Realty Trust by 65.6% in the 1st quarter. Janus Henderson Group PLC now owns 143,656 shares of the real estate investment trust’s stock worth $1,904,000 after purchasing an additional 56,897 shares in the last quarter. Virtu Financial LLC bought a new stake in Arbor Realty Trust in the 1st quarter worth about $367,000. Burney Co. grew its position in Arbor Realty Trust by 42.6% in the 1st quarter. Burney Co. now owns 27,115 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 8,104 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Arbor Realty Trust by 358.5% in the 1st quarter. Cetera Investment Advisers now owns 220,559 shares of the real estate investment trust’s stock worth $2,922,000 after purchasing an additional 172,454 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

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

Arbor Realty Trust Stock Down 0.9 %

Arbor Realty Trust stock opened at $14.67 on Friday. Arbor Realty Trust, Inc. has a twelve month low of $11.92 and a twelve month high of $16.35. The firm has a 50 day moving average price of $15.09 and a 200-day moving average price of $14.23. The company has a market capitalization of $2.77 billion, a P/E ratio of 10.96 and a beta of 2.06. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 dividend yield of 11.72%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is currently 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.