Franklin Resources Inc. Acquires 2,636 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Franklin Resources Inc. grew its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,613 shares of the real estate investment trust’s stock after purchasing an additional 2,636 shares during the quarter. Franklin Resources Inc.’s holdings in Arbor Realty Trust were worth $1,259,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Arbor Realty Trust by 52.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock worth $4,535,000 after acquiring an additional 100,055 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Arbor Realty Trust in the 3rd quarter valued at $1,443,000. Pathstone Holdings LLC raised its position in shares of Arbor Realty Trust by 42.0% during the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after acquiring an additional 39,072 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Arbor Realty Trust during the third quarter valued at $820,000. Finally, Geode Capital Management LLC boosted its holdings in Arbor Realty Trust by 1.1% in the third quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock valued at $66,905,000 after acquiring an additional 45,370 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 1.9 %

ABR opened at $13.66 on Friday. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $2.58 billion, a P/E ratio of 10.12 and a beta of 2.03. The firm’s fifty day simple moving average is $14.64 and its 200 day simple moving average is $14.29. Arbor Realty Trust, Inc. has a 12 month low of $11.92 and a 12 month high of $16.13.

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 given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 127.41%.

Wall Street Analysts Forecast Growth

ABR has been the subject of several analyst reports. Raymond James lifted 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. JMP Securities lifted their price target 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. Finally, JPMorgan Chase & Co. raised their price objective on 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 analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Hold” and an average price target of $14.25.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green bought 5,269 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the transaction, the director now owns 178,797 shares in the company, valued at $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.70% of the company’s stock.

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.