Lighthouse Investment Partners LLC Acquires 225,775 Shares of Arbor Realty Trust $ABR

Lighthouse Investment Partners LLC increased its holdings in Arbor Realty Trust (NYSE:ABR) by 184.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 348,371 shares of the real estate investment trust’s stock after buying an additional 225,775 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Arbor Realty Trust were worth $4,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Focus Partners Wealth acquired a new stake in Arbor Realty Trust during the third quarter valued at approximately $136,000. Azora Capital LP acquired a new position in shares of Arbor Realty Trust in the 3rd quarter worth approximately $7,897,000. Bank of America Corp DE lifted its position in shares of Arbor Realty Trust by 227.2% during the 3rd quarter. Bank of America Corp DE now owns 498,940 shares of the real estate investment trust’s stock worth $6,092,000 after buying an additional 346,441 shares during the period. FJ Capital Management LLC bought a new position in shares of Arbor Realty Trust during the 3rd quarter worth approximately $3,280,000. Finally, Raymond James Financial Inc. boosted its stake in Arbor Realty Trust by 11.0% in the 3rd quarter. Raymond James Financial Inc. now owns 1,057,684 shares of the real estate investment trust’s stock valued at $12,914,000 after buying an additional 104,400 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 0.6%

ABR stock opened at $7.72 on Tuesday. The business has a fifty day moving average price of $7.85 and a 200 day moving average price of $9.39. Arbor Realty Trust has a fifty-two week low of $7.11 and a fifty-two week high of $12.57. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.03 and a beta of 1.36. The company has a debt-to-equity ratio of 2.41, a current ratio of 394.59 and a quick ratio of 394.59.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 15.6%. The ex-dividend date is Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio is presently 218.18%.

Analysts Set New Price Targets

A number of analysts have weighed in on ABR shares. JPMorgan Chase & Co. lowered their price target on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, December 4th. Wall Street Zen raised Arbor Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Piper Sandler reduced their target price on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, December 22nd. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Weiss Ratings downgraded shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Arbor Realty Trust presently has an average rating of “Reduce” and an average price target of $9.50.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.