Azora Capital LP Sells 373,695 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Azora Capital LP trimmed its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 24.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,170,679 shares of the real estate investment trust’s stock after selling 373,695 shares during the quarter. Arbor Realty Trust comprises 1.0% of Azora Capital LP’s holdings, making the stock its 27th biggest position. Azora Capital LP’s holdings in Arbor Realty Trust were worth $18,216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ABR. Wasatch Advisors LP grew its holdings in shares of Arbor Realty Trust by 29.4% during the third quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust’s stock valued at $54,637,000 after buying an additional 797,453 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Arbor Realty Trust by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,403,796 shares of the real estate investment trust’s stock worth $37,403,000 after purchasing an additional 97,454 shares during the last quarter. Bank of New York Mellon Corp grew its position in Arbor Realty Trust by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock worth $20,399,000 after purchasing an additional 43,165 shares during the period. Van ECK Associates Corp raised its stake in Arbor Realty Trust by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,016,860 shares of the real estate investment trust’s stock valued at $15,538,000 after buying an additional 26,376 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Arbor Realty Trust by 0.7% during the 2nd quarter. Rhumbline Advisers now owns 600,251 shares of the real estate investment trust’s stock valued at $8,614,000 after buying an additional 4,126 shares during the period. 57.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research report on Thursday, October 17th. JMP Securities upped their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research report on Friday, September 27th. Raymond James raised their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, Piper Sandler boosted their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Arbor Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $14.67 on Monday. The stock has a market cap of $2.77 billion, a PE ratio of 10.87 and a beta of 2.06. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The business’s 50-day simple moving average is $15.09 and its two-hundred day simple moving average is $14.23. Arbor Realty Trust, Inc. has a 52 week low of $11.92 and a 52 week high of $16.35.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 11.72%. Arbor Realty Trust’s payout ratio is 127.41%.

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.