Nisa Investment Advisors LLC Has $646,000 Stock Holdings in Arbor Realty Trust (NYSE:ABR)

Nisa Investment Advisors LLC decreased its holdings in Arbor Realty Trust (NYSE:ABR - Free Report) by 47.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,952 shares of the real estate investment trust's stock after selling 50,421 shares during the period. Nisa Investment Advisors LLC's holdings in Arbor Realty Trust were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ABR. Wasatch Advisors LP raised its holdings in shares of Arbor Realty Trust by 1.0% in the fourth quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust's stock valued at $49,128,000 after buying an additional 35,777 shares during the last quarter. Northern Trust Corp increased its holdings in Arbor Realty Trust by 10.0% in the fourth quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock valued at $33,690,000 after buying an additional 220,471 shares in the last quarter. Invesco Ltd. increased its holdings in Arbor Realty Trust by 90.2% in the fourth quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock valued at $23,369,000 after buying an additional 799,973 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Arbor Realty Trust in the fourth quarter valued at about $15,967,000. Finally, Principal Financial Group Inc. grew its position in shares of Arbor Realty Trust by 2.7% in the first quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust's stock valued at $11,032,000 after purchasing an additional 24,428 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.

Arbor Realty Trust Stock Down 1.2%

Arbor Realty Trust stock traded down $0.14 during midday trading on Friday, hitting $11.21. 2,353,049 shares of the stock were exchanged, compared to its average volume of 3,092,988. Arbor Realty Trust has a 1 year low of $8.43 and a 1 year high of $15.94. The firm has a market cap of $2.15 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 current ratio of 36.48 and a quick ratio of 36.48. The company has a 50 day moving average price of $10.42 and a two-hundred day moving average price of $11.67.

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 is currently 115.38%.

Insider Buying and Selling at Arbor Realty Trust

In related news, CEO Ivan Kaufman purchased 60,000 shares of Arbor Realty Trust stock in a transaction dated Thursday, May 22nd. The stock was bought at an average cost of $8.70 per share, with a total value of $522,000.00. Following the purchase, the chief executive officer owned 1,989,816 shares in the company, valued at approximately $17,311,399.20. The trade was a 3.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have purchased 210,000 shares of company stock valued at $1,942,000. Corporate insiders own 3.80% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ABR shares. JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Keefe, Bruyette & Woods decreased their target price 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Arbor Realty Trust has an average rating of "Hold" and an average price target of $13.20.

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.