5 Best Dividend Stocks to Buy Under $20

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

Number of Hedge Fund Holders: 21
Dividend Yield: 7.4%

Arbor Realty Trust, Inc. (NYSE: ABR) invests in structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the US. The company ranks 3rd on our list of the best dividend stocks to buy under $20.

The stock gained this May in light of its dividend boost and positive first-quarter earnings. Arbor Realty Trust, Inc. (NYSE: ABR) also closed a $450 million $815 million multifamily mortgage loan securitization and collateralized loan obligation securitization on June 10th and 25th, respectively. Proceeds from the mortgage loan securitization are to be used for funding future loans and investments. In the first quarter of 2021, Arbor Realty Trust, Inc. (NYSE: ABR) had an FFO of $0.55, beating estimates by $0.09, while its $48.96 million revenue represented a 27.02% growth year over year and beat estimates by $2.66 million. The stock has a forward PE ratio of 9.9 and has gained 29.42% in the past 6 months and 33.07% 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). The total value of their stakes was roughly $103 million. This is compared to 14 hedge funds in the previous quarter, with a total stake value of about $68.4 million.