31,922 Shares in Arbor Realty Trust, Inc. (NYSE:ABR) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABRGet Rating) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,922 shares of the real estate investment trust’s stock, valued at approximately $367,000.

Several other institutional investors have also recently modified their holdings of ABR. Capital Wealth Alliance LLC purchased a new stake in Arbor Realty Trust in the 2nd quarter worth approximately $25,000. SeaCrest Wealth Management LLC purchased a new stake in Arbor Realty Trust in the 2nd quarter worth approximately $39,000. Worth Asset Management LLC purchased a new stake in Arbor Realty Trust in the 1st quarter worth approximately $62,000. CWM LLC grew its stake in Arbor Realty Trust by 71.4% in the 2nd quarter. CWM LLC now owns 5,031 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 2,096 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Arbor Realty Trust by 25.5% during the 2nd quarter. Allworth Financial LP now owns 5,168 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,050 shares during the period. 40.52% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $14.36 on Wednesday. The company has a current ratio of 41.12, a quick ratio of 41.12 and a debt-to-equity ratio of 4.05. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 7.64 and a beta of 1.89. The firm’s fifty day simple moving average is $14.03 and its 200 day simple moving average is $14.16. Arbor Realty Trust, Inc. has a twelve month low of $11.16 and a twelve month high of $18.09.

Arbor Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Friday, November 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $1.60 dividend on an annualized basis and a yield of 11.14%. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.39. Arbor Realty Trust’s payout ratio is currently 85.11%.

Analyst Ratings Changes

ABR has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, October 24th. Raymond James lowered their price objective on shares of Arbor Realty Trust from $21.00 to $18.50 and set an “outperform” rating for the company in a research note on Tuesday, October 18th. Piper Sandler lowered their price objective on shares of Arbor Realty Trust from $18.50 to $16.50 and set an “overweight” rating for the company in a research note on Monday, October 3rd. StockNews.com raised shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 7th. Finally, JMP Securities reduced their target price on shares of Arbor Realty Trust from $20.00 to $17.50 and set a “market outperform” rating on the stock in a report on Tuesday, November 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $16.88.

Arbor Realty Trust Profile

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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 in two segments, Structured Business and Agency Business. 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.

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Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

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