Synovus Financial Corp Acquires Shares of 19,600 Arbor Realty Trust, Inc. (NYSE:ABR)

Synovus Financial Corp bought a new stake in Arbor Realty Trust, Inc. (NYSE:ABR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,600 shares of the real estate investment trust’s stock, valued at approximately $305,000.

Several other large investors have also modified their holdings of ABR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Arbor Realty Trust by 52.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock valued at $4,535,000 after buying an additional 100,055 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Arbor Realty Trust by 42.0% in the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock valued at $2,057,000 after acquiring an additional 39,072 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Arbor Realty Trust during the 3rd quarter valued at approximately $1,443,000. Intech Investment Management LLC bought a new position in Arbor Realty Trust during the third quarter worth $820,000. Finally, SG Americas Securities LLC lifted its stake in Arbor Realty Trust by 74.9% during the third quarter. SG Americas Securities LLC now owns 93,265 shares of the real estate investment trust’s stock worth $1,451,000 after purchasing an additional 39,928 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ABR. JMP Securities increased their target price on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Raymond James increased their price objective on shares of 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, JPMorgan Chase & Co. lifted their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Trading Down 3.2 %

Shares of NYSE:ABR opened at $13.76 on Thursday. Arbor Realty Trust, Inc. has a fifty-two week low of $11.92 and a fifty-two week high of $16.35. 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 company has a market cap of $2.60 billion, a PE ratio of 10.19 and a beta of 2.03. The company’s 50-day moving average price is $14.83 and its 200 day moving average price is $14.29.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 annualized dividend and a dividend yield of 12.50%. Arbor Realty Trust’s dividend payout ratio is presently 127.41%.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now owns 178,797 shares in the company, valued at $2,533,553.49. This trade represents a 3.04 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

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.