New York State Teachers Retirement System Trims Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

New York State Teachers Retirement System lessened its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 271,942 shares of the real estate investment trust’s stock after selling 1,712 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of Arbor Realty Trust worth $4,231,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Arbor Realty Trust by 75.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 688 shares during the last quarter. Signaturefd LLC lifted its position in shares of Arbor Realty Trust by 20.6% during the 2nd quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,504 shares during the last quarter. Sfmg LLC acquired a new position in shares of Arbor Realty Trust in the 1st quarter valued at $133,000. AE Wealth Management LLC acquired a new position in shares of Arbor Realty Trust in the 2nd quarter valued at $147,000. Finally, OLD National Bancorp IN acquired a new position in shares of Arbor Realty Trust in the 3rd quarter valued at $164,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

Shares of ABR opened at $15.03 on Thursday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 37.31 and a current ratio of 35.68. The stock has a market capitalization of $2.83 billion, a P/E ratio of 11.13 and a beta of 2.06. The company’s fifty day moving average is $14.72 and its two-hundred day moving average is $14.02. Arbor Realty Trust, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.44%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ABR. Keefe, Bruyette & Woods lifted their target price on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. 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 report on Thursday, October 17th. 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 report on Friday, September 27th. Piper Sandler lifted their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Finally, Raymond James boosted their price objective on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust 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.