5 Best Dividend Stocks to Buy in August

2. Arbor Realty Trust, Inc. (NYSE: ABR)

Number of Hedge Fund Holders: 21
Dividend Yield: 7.7%

Arbor Realty Trust, Inc. (NYSE: ABR) is a real estate investment trust company that is headquartered in New York. The company’s subsidiaries include Arbor Realty Partnership and Arbor Private Label among others, and it ranks 2nd on our list of the best dividend stocks to buy in August.

Charles Arestia, an analyst at JPMorgan, raised his price target on Arbor Realty Trust, Inc. (NYSE: ABR) shares just this April from $16.50 to $18. The analyst also holds an Overweight rating on shares of Arbor Realty Trust, Inc. (NYSE: ABR).

In the second quarter of 2021, Arbor Realty Trust, Inc. (NYSE: ABR) had an FFO of $0.51, beating estimates by $0.07. The company’s revenue was $58.77 million, up 40.67% year over year and also beating estimates by $4.50 million. Arbor Realty Trust, Inc. (NYSE: ABR) has also gained 16.71% in the past 6 months and 29.88% year to date.

By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Arbor Realty Trust, Inc. (NYSE: ABR) worth roughly $103 million. This is compared to 14 hedge funds in the previous quarter with a total stake value of approximately $68.4 million.