Rhumbline Advisers Has $6.35 Million Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Rhumbline Advisers trimmed its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,681 shares of the real estate investment trust's stock after selling 27,882 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Arbor Realty Trust worth $6,353,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Dunhill Financial LLC purchased a new position in Arbor Realty Trust in the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. acquired a new stake in Arbor Realty Trust in the fourth quarter valued at $36,000. Smartleaf Asset Management LLC boosted its stake in Arbor Realty Trust by 280.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 1,934 shares in the last quarter. Quarry LP increased its holdings in shares of Arbor Realty Trust by 249.6% in the 4th quarter. Quarry LP now owns 3,531 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 2,521 shares during the period. Finally, Shakespeare Wealth Management LLC acquired a new stake in shares of Arbor Realty Trust in the 4th quarter valued at approximately $59,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Price Performance

Shares of NYSE ABR traded up $0.03 during midday trading on Thursday, reaching $10.53. 3,021,429 shares of the company traded hands, compared to its average volume of 3,320,742. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49. The firm has a market cap of $2.02 billion, a PE ratio of 8.85 and a beta of 1.36. Arbor Realty Trust, Inc. has a 12 month low of $8.43 and a 12 month high of $15.94. The stock's 50-day simple moving average is $10.46 and its 200-day simple moving average is $12.31.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 11.40%. Arbor Realty Trust's payout ratio is presently 115.38%.

Analyst Ratings Changes

Several research analysts recently weighed in on ABR shares. JPMorgan Chase & Co. cut their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Arbor Realty Trust from $11.75 to $11.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $13.20.

Insiders Place Their Bets

In related news, CEO Ivan Kaufman bought 10,000 shares of Arbor Realty Trust stock in a transaction that occurred on Tuesday, May 20th. The stock was acquired at an average price of $9.98 per share, with a total value of $99,800.00. Following the acquisition, the chief executive officer now owns 1,789,816 shares of the company's stock, valued at approximately $17,862,363.68. This represents a 0.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have purchased 210,000 shares of company stock worth $1,942,000. Company insiders own 3.80% of the company's stock.

Arbor Realty Trust Company 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.