Cambridge Investment Research Advisors Inc. Buys 27,153 Shares of Arbor Realty Trust (NYSE:ABR)

Cambridge Investment Research Advisors Inc. raised its position in shares of Arbor Realty Trust (NYSE:ABR - Free Report) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 499,202 shares of the real estate investment trust's stock after acquiring an additional 27,153 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.26% of Arbor Realty Trust worth $5,866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Arbor Realty Trust by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 914,483 shares of the real estate investment trust's stock valued at $12,666,000 after purchasing an additional 25,911 shares during the period. IFP Advisors Inc lifted its holdings in shares of Arbor Realty Trust by 82.3% during the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust's stock worth $61,000 after buying an additional 2,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Arbor Realty Trust by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust's stock valued at $17,428,000 after acquiring an additional 27,327 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Arbor Realty Trust by 3.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 102,744 shares of the real estate investment trust's stock valued at $1,423,000 after acquiring an additional 3,882 shares during the period. Finally, QRG Capital Management Inc. grew its stake in shares of Arbor Realty Trust by 8.8% in the fourth quarter. QRG Capital Management Inc. now owns 223,168 shares of the real estate investment trust's stock valued at $3,091,000 after acquiring an additional 17,999 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company's stock.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, CEO Ivan Kaufman purchased 60,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $8.70 per share, with a total value of $522,000.00. Following the acquisition, the chief executive officer owned 1,989,816 shares of the company's stock, valued at approximately $17,311,399.20. This represents a 3.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 210,000 shares of company stock valued at $1,942,000. Company insiders own 3.80% of the company's stock.

Arbor Realty Trust Price Performance

ABR stock traded up $0.16 during midday trading on Monday, reaching $10.72. The company had a trading volume of 5,251,864 shares, compared to its average volume of 3,353,077. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.94. The stock has a 50 day moving average price of $10.39 and a 200-day moving average price of $11.91. 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 market capitalization of $2.06 billion, a price-to-earnings ratio of 10.31 and a beta of 1.37.

Arbor Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.19%. Arbor Realty Trust's dividend payout ratio is presently 115.38%.

Analysts Set New Price Targets

ABR has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price objective 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. Keefe, Bruyette & Woods dropped their price target on shares of 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. 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. According to data from MarketBeat.com, Arbor Realty Trust has an average rating of "Hold" and an average target price of $13.20.

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.