Melia Wealth LLC Purchases 22,173 Shares of Arbor Realty Trust (NYSE:ABR)

Key Points

• Melia Wealth LLC increased its stake in Arbor Realty Trust by 2.9%, owning 776,540 shares valued at approximately $9,124,000.
• Several research firms have downgraded the target price for Arbor Realty Trust, with JPMorgan lowering it from $10.50 to $10.00 and setting an "underweight" rating.
• Arbor Realty Trust's CEO, Ivan Kaufman, purchased 60,000 shares at $8.70 each, increasing his ownership in the company by 3.11%.

Melia Wealth LLC lifted its stake in Arbor Realty Trust (NYSE:ABR - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 776,540 shares of the real estate investment trust's stock after acquiring an additional 22,173 shares during the period. Arbor Realty Trust makes up 4.7% of Melia Wealth LLC's portfolio, making the stock its 11th largest holding. Melia Wealth LLC owned approximately 0.40% of Arbor Realty Trust worth $9,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Arbor Realty Trust by 8.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,979 shares of the real estate investment trust's stock valued at $693,000 after acquiring an additional 4,484 shares during the period. Burney Co. increased its stake in Arbor Realty Trust by 19.9% during the first quarter. Burney Co. now owns 29,904 shares of the real estate investment trust's stock valued at $351,000 after acquiring an additional 4,961 shares during the period. Kestra Private Wealth Services LLC increased its stake in Arbor Realty Trust by 40.0% during the first quarter. Kestra Private Wealth Services LLC now owns 23,137 shares of the real estate investment trust's stock valued at $272,000 after acquiring an additional 6,616 shares during the period. Transce3nd LLC increased its stake in Arbor Realty Trust by 7.2% during the first quarter. Transce3nd LLC now owns 177,116 shares of the real estate investment trust's stock valued at $2,079,000 after acquiring an additional 11,862 shares during the period. Finally, Midwest Professional Planners LTD. grew its stake in shares of Arbor Realty Trust by 2.5% in the 1st quarter. Midwest Professional Planners LTD. now owns 102,893 shares of the real estate investment trust's stock valued at $1,209,000 after purchasing an additional 2,491 shares during the period. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Trading Down 2.2%

ABR traded down $0.26 during mid-day trading on Thursday, reaching $11.22. The stock had a trading volume of 1,608,251 shares, compared to its average volume of 3,527,391. The stock has a market capitalization of $2.16 billion, a P/E ratio of 10.78 and a beta of 1.37. The company has a debt-to-equity ratio of 1.92, a quick ratio of 36.48 and a current ratio of 36.48. The firm's fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $11.56. Arbor Realty Trust has a 52 week low of $8.43 and a 52 week high of $15.94.

Arbor Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.70%. Arbor Realty Trust's dividend payout ratio (DPR) is currently 115.38%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ABR. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $11.75 to $11.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $13.20.

Insider Buying and Selling at Arbor Realty Trust

In related news, CEO Ivan Kaufman purchased 140,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were bought at an average price of $9.43 per share, with a total value of $1,320,200.00. Following the purchase, the chief executive officer directly owned 1,929,816 shares in the company, valued at $18,198,164.88. This trade represents a 7.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders acquired 210,000 shares of company stock valued at $1,942,000. Corporate insiders own 3.80% 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.