Swiss National Bank Trims Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Swiss National Bank lessened its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,051 shares of the real estate investment trust’s stock after selling 2,700 shares during the period. Swiss National Bank owned approximately 0.20% of Arbor Realty Trust worth $5,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its position in Arbor Realty Trust by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 95,129 shares of the real estate investment trust’s stock valued at $1,261,000 after buying an additional 6,697 shares during the period. Cetera Investment Advisers grew its position in Arbor Realty Trust by 358.5% during the first quarter. Cetera Investment Advisers now owns 220,559 shares of the real estate investment trust’s stock valued at $2,922,000 after buying an additional 172,454 shares during the period. Janus Henderson Group PLC grew its position in Arbor Realty Trust by 65.6% during the first quarter. Janus Henderson Group PLC now owns 143,656 shares of the real estate investment trust’s stock valued at $1,904,000 after buying an additional 56,897 shares during the period. SG Americas Securities LLC grew its position in Arbor Realty Trust by 74.9% during the third quarter. SG Americas Securities LLC now owns 93,265 shares of the real estate investment trust’s stock valued at $1,451,000 after buying an additional 39,928 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC acquired a new stake in Arbor Realty Trust during the second quarter valued at $1,425,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $14.80 on Thursday. 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 firm’s 50-day moving average is $15.11 and its two-hundred day moving average is $14.22. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 month high of $16.35. The company has a market capitalization of $2.79 billion, a PE ratio of 10.96 and a beta of 2.06.

Arbor Realty Trust Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 11.63%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

Analysts Set New Price Targets

ABR has been the topic of several research analyst reports. JMP Securities lifted their target price on shares of 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. lifted their target price on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research report on Thursday, October 17th. 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. Finally, Piper Sandler boosted their price target 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 research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.