GAMMA Investing LLC boosted its stake in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 3,695.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 39,280 shares of the real estate investment trust's stock after buying an additional 38,245 shares during the period. GAMMA Investing LLC's holdings in Arbor Realty Trust were worth $4,620,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of ABR. Dunhill Financial LLC bought a new stake in shares of Arbor Realty Trust during the fourth quarter worth approximately $29,000. Smartleaf Asset Management LLC lifted its holdings in Arbor Realty Trust by 280.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 1,934 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in Arbor Realty Trust in the 4th quarter valued at $36,000. Quarry LP grew 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 buying an additional 2,521 shares in the last quarter. Finally, Shakespeare Wealth Management LLC acquired a new position in Arbor Realty Trust in the 4th quarter valued at $59,000. 57.25% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ABR. Raymond James downgraded Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a report on Monday, February 24th. 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. 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 for the company in a 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.20.
Check Out Our Latest Research Report on Arbor Realty Trust
Insider Activity at Arbor Realty Trust
In other news, CEO Ivan Kaufman purchased 60,000 shares of Arbor Realty Trust stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of $8.70 per share, for a total transaction of $522,000.00. Following the transaction, the chief executive officer now owns 1,989,816 shares of the company's stock, valued at approximately $17,311,399.20. The trade was a 3.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased a total of 210,000 shares of company stock valued at $1,942,000 over the last quarter. 3.80% of the stock is owned by corporate insiders.
Arbor Realty Trust Price Performance
NYSE ABR traded up $0.03 during midday trading on Thursday, hitting $10.53. The company had a trading volume of 3,021,429 shares, compared to its average volume of 3,320,742. The firm has a 50-day moving average price of $10.46 and a 200-day moving average price of $12.28. The company has a market capitalization of $2.02 billion, a PE ratio of 8.85 and a beta of 1.36. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. Arbor Realty Trust, Inc. has a twelve month low of $8.43 and a twelve month high of $15.94.
Arbor Realty Trust Cuts Dividend
The business also recently declared 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 dividend yield of 11.40%. Arbor Realty Trust's payout ratio is currently 115.38%.
About Arbor Realty Trust
(
Free Report)
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.
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