Bank of America Corp DE Sells 87,591 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Bank of America Corp DE lowered its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 49.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,473 shares of the real estate investment trust's stock after selling 87,591 shares during the quarter. Bank of America Corp DE's holdings in Arbor Realty Trust were worth $1,253,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pennington Partners & CO. LLC purchased a new position in Arbor Realty Trust in the 4th quarter worth approximately $1,763,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Arbor Realty Trust during the fourth quarter valued at approximately $2,191,000. Northern Trust Corp lifted its holdings in shares of 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 worth $33,690,000 after buying an additional 220,471 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Arbor Realty Trust by 496.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 450,822 shares of the real estate investment trust's stock valued at $6,244,000 after acquiring an additional 375,293 shares in the last quarter. Finally, Quarry LP increased its holdings in 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 last quarter. 57.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CEO Ivan Kaufman purchased 10,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average cost of $9.98 per share, for a total transaction of $99,800.00. Following the completion of the acquisition, the chief executive officer now owns 1,789,816 shares in the company, valued at approximately $17,862,363.68. This trade represents a 0.56% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 210,000 shares of company stock valued at $1,942,000 over the last 90 days. Insiders own 3.80% of the company's stock.

Arbor Realty Trust Trading Up 3.5%

NYSE ABR traded up $0.35 during trading hours on Friday, hitting $10.26. 4,985,684 shares of the company were exchanged, compared to its average volume of 3,314,564. Arbor Realty Trust, Inc. has a 52 week low of $8.43 and a 52 week high of $15.94. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The stock has a 50-day moving average price of $10.53 and a 200 day moving average price of $12.38. The stock has a market cap of $1.97 billion, a PE ratio of 8.62 and a beta of 1.36.

Arbor Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.70%. Arbor Realty Trust's dividend payout ratio (DPR) is currently 115.38%.

About Arbor Realty Trust

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.