Arbor Realty Trust, Inc. (NYSE:ABR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 710.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,144 shares of the real estate investment trust’s stock after purchasing an additional 75,510 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Arbor Realty Trust were worth $1,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ABR. International Assets Investment Management LLC bought a new stake in shares of Arbor Realty Trust during the 4th quarter valued at about $1,540,000. Sowell Financial Services LLC boosted its stake in Arbor Realty Trust by 8.8% in the fourth quarter. Sowell Financial Services LLC now owns 15,566 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 1,255 shares during the period. Autumn Glory Partners LLC bought a new position in shares of Arbor Realty Trust during the fourth quarter valued at approximately $152,000. Colonial River Wealth Management LLC acquired a new stake in shares of Arbor Realty Trust during the 4th quarter worth approximately $167,000. Finally, Halpern Financial Inc. lifted its holdings in shares of Arbor Realty Trust by 601.8% in the 4th quarter. Halpern Financial Inc. now owns 3,509 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 3,009 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

ABR opened at $12.77 on Tuesday. The business has a 50 day moving average price of $12.89 and a two-hundred day moving average price of $13.49. The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 7.25 and a beta of 1.97. Arbor Realty Trust, Inc. has a 1-year low of $10.10 and a 1-year high of $17.74.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.72 annualized dividend and a yield of 13.47%. Arbor Realty Trust’s dividend payout ratio is currently 97.73%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ABR shares. JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 10th. JMP Securities reduced their target price on shares of Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, February 1st. Wedbush restated a “neutral” rating and issued a $13.00 price target (down previously from $17.00) on shares of Arbor Realty Trust in a research note on Thursday, April 11th. TheStreet raised Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Finally, Keefe, Bruyette & Woods lowered their target price on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust currently has an average rating of “Hold” and an average price target of $14.71.

Insiders Place Their Bets

In other Arbor Realty Trust news, Director William C. Green acquired 10,209 shares of Arbor Realty Trust stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the transaction, the director now owns 162,809 shares in the company, valued at approximately $2,105,120.37. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.40% of the stock is owned by company insiders.

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.