The Colorado Public Employees Retirement Association has invested $596,000 in Arbor Realty Trust, Inc. (NYSE:ABR) 2023
Many other hedge funds have lately increased or decreased their holdings in the firm. In the third quarter, Mercer Global Advisors Inc. ADV increased its Arbor Realty Trust holdings by 1.5%. Mercer Global Advisors Inc. ADV now owns 49,627 shares of the REIT’s stock worth $571,000 after purchasing an additional 747 shares in the most recent quarter. Vanguard Group Inc. increased its Arbor Realty Trust holdings by 7.8% during the third quarter. In the last recent quarter, Vanguard Group Inc. acquired an additional 1,110,055 shares of the REIT’s stock, bringing its total holdings to 15,429,978 shares valued at $177,444,000. In the third quarter, Price T Rowe Associates Inc. MD increased its holdings in Arbor Realty Trust by 30.8%. Price T Rowe Associates Inc. MD now owns 66,434 shares of the REIT’s stock worth $764,000 after purchasing an additional 15,629 shares in the most recent quarter. In the third quarter, Lido Advisors LLC increased its position in Arbor Realty Trust by 187.5%. Lido Advisors LLC now holds 92,000 shares of the REIT’s stock worth $1,058,000 after acquiring an additional 60,000 shares in the last recent quarter. In the third quarter, Ensign Peak Advisors Inc purchased a new investment in Arbor Realty Trust worth roughly $237,000. 40.52% of the company’s stock is owned by institutional investors and hedge funds.
Stock Performance of Arbor Realty Trust
ABR shares started on Monday at $13.15 per share. The current ratio is 46.60, the quick ratio is 46.60, and the debt-to-equity ratio is 3.85 for this organization. The company has a $2.36 billion market capitalization, a PE ratio of 7.92, and a beta of 1.97. The company’s 50-day and 200-day simple moving averages are $14.62 and $14.08, respectively. The 12-month low for Arbor Realty Trust, Inc. is $11.16 and the 12-month high is $17.89.
Notification of the Dividend Distribution by Arbor Realty Trust
In addition, the company just declared a quarterly dividend that will be paid on March 17th. A $0.40 dividend per share will be distributed to shareholders of record on Monday, March 13th. The ex-dividend date is March 10th, Friday. This is a yearly dividend of $1.60 and a dividend yield of 12.17%. The current dividend payout ratio (DPR) for Arbor Realty Trust is 96.39 percent.
Wall Street Analysts Predict Expansion
In a report published on Tuesday, February 21st, Keefe, Bruyette & Woods boosted their target price on shares of Arbor Realty Trust from $14.50 to $15.50 and assigned the company a “market perform” rating. Two analysts have assigned a hold recommendation to the company, while four have assigned a buy rating. According to data from MarketBeat, the average rating for Arbor Realty Trust is “Moderate Buy” and the average price target is $16.60.
Concerning Arbor Realty Trust (Get Rating)
Arbor Realty Trust, Inc. is a real estate investment trust that provides loan origination and servicing for multifamily, seniors housing, healthcare, and a variety of commercial real estate assets. It works through the Segments of Structured Business and Agency Business. The Structured Business section provides loan origination and investment services for structured loans.