Edgestream Partners L.P. Buys Shares of 92,735 Arbor Realty Trust, Inc. (NYSE:ABR)

Edgestream Partners L.P. purchased a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 92,735 shares of the real estate investment trust’s stock, valued at approximately $1,443,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Arbor Realty Trust by 75.5% during the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 688 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Arbor Realty Trust during the 3rd quarter valued at approximately $38,000. Glenmede Trust Co. NA boosted its holdings in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 701 shares during the period. KBC Group NV grew its stake in Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,796 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Arbor Realty Trust during the 3rd quarter valued at $102,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $14.15 on Wednesday. Arbor Realty Trust, Inc. has a 52-week low of $11.92 and a 52-week high of $16.35. The company has a fifty day moving average of $15.07 and a 200-day moving average of $14.23. The company has a market capitalization of $2.67 billion, a P/E ratio of 10.48 and a beta of 2.03. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 12.16%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 127.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ABR shares. Raymond James raised their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. 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 report on Friday, September 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.