Great Lakes Advisors LLC Makes New $8.63 Million Investment in Arbor Realty Trust, Inc. (NYSE:ABR)
Great Lakes Advisors LLC acquired a new stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 608,453 shares of the real estate investment trust’s stock, valued at approximately $8,628,000. Great Lakes Advisors LLC owned about 0.52% of Arbor Realty Trust at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Arbor Realty Trust during the 3rd quarter valued at about $41,000. CWM LLC bought a new stake in Arbor Realty Trust in the third quarter valued at $48,000. Steward Partners Investment Advisory LLC increased its position in Arbor Realty Trust by 151.0% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 6,645 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 3,998 shares during the period. Centaurus Financial Inc. bought a new position in Arbor Realty Trust in the 4th quarter worth $117,000. Finally, National Asset Management Inc. lifted its position in shares of Arbor Realty Trust by 9.7% in the 3rd quarter. National Asset Management Inc. now owns 13,305 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 1,175 shares during the period. Institutional investors own 40.03% of the company’s stock.
NYSE:ABR opened at $16.36 on Tuesday. The firm has a market capitalization of $1.90 billion, a P/E ratio of 17.78 and a beta of 1.88. The company has a debt-to-equity ratio of 2.69, a current ratio of 18.39 and a quick ratio of 18.39. Arbor Realty Trust, Inc. has a one year low of $3.54 and a one year high of $16.64. The company’s 50-day simple moving average is $14.78 and its 200 day simple moving average is $13.02.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 19th. Shareholders of record on Wednesday, March 3rd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 8.07%. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, March 2nd. Arbor Realty Trust’s payout ratio is 94.12%.
Several equities analysts recently issued reports on ABR shares. Zacks Investment Research cut shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 20th. Wolfe Research began coverage on Arbor Realty Trust in a report on Friday, November 6th. They set an “outperform” rating on the stock. Finally, Raymond James raised their target price on Arbor Realty Trust from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $11.70.
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. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.
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