5 REIT Dividend Stocks with Over 5% Yields

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

Number of Hedge Fund Holders: 21
Dividend Yield: 7.9%

Arbor Realty Trust, Inc. (NYSE: ABR) is a real estate investment trust investing in a portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets. The company ranks 3rd on our list of REIT dividend stocks with over 5% yields.

JPMorgan’s Charles Arestia reiterated an Overweight rating on Arbor Realty Trust, Inc. (NYSE: ABR) shares this April while raising the firm’s price target from $16.50 to $18.

In the first quarter of 2021, Arbor Realty Trust, Inc. (NYSE: ABR) had an FFO of $0.55, beating estimates by $0.09. The company’s revenue was $48.98 million, up 27.02% year over year and beating estimates by $2.66 million. Arbor Realty Trust, Inc. (NYSE: ABR) has also gained about 18.42% in the past 6 months and 25.11% 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 stakes worth approximately $68.4 million.