Teacher Retirement System of Texas Acquires New Stake in Arbor Realty Trust (NYSE:ABR)

Teacher Retirement System of Texas purchased a new position in Arbor Realty Trust (NYSE:ABR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,573 shares of the real estate investment trust's stock, valued at approximately $324,000.

A number of other large investors have also bought and sold shares of ABR. Natixis Advisors LLC grew its position in shares of Arbor Realty Trust by 5.0% during the fourth quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust's stock worth $232,000 after purchasing an additional 797 shares in the last quarter. Xponance Inc. grew its position in shares of Arbor Realty Trust by 10.0% during the fourth quarter. Xponance Inc. now owns 13,288 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 1,209 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Arbor Realty Trust by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 19,266 shares of the real estate investment trust's stock worth $267,000 after purchasing an additional 1,223 shares in the last quarter. Monetary Management Group Inc. boosted its stake in Arbor Realty Trust by 25.0% during the fourth quarter. Monetary Management Group Inc. now owns 6,250 shares of the real estate investment trust's stock valued at $87,000 after buying an additional 1,250 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Arbor Realty Trust by 12.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 11,810 shares of the real estate investment trust's stock valued at $164,000 after buying an additional 1,272 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ABR. Keefe, Bruyette & Woods decreased their target price 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. decreased their price objective 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $13.20.

Insider Buying and Selling

In other news, CEO Ivan Kaufman purchased 140,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was purchased at an average price of $9.43 per share, with a total value of $1,320,200.00. Following the completion of the purchase, the chief executive officer directly owned 1,929,816 shares in the company, valued at approximately $18,198,164.88. This trade represents a 7.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have acquired 210,000 shares of company stock valued at $1,942,000. 3.80% of the stock is owned by company insiders.

Arbor Realty Trust Trading Up 4.9%

Shares of NYSE:ABR traded up $0.56 during trading on Tuesday, reaching $11.85. The stock had a trading volume of 6,232,712 shares, compared to its average volume of 3,102,261. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 11.39 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 moving average is $10.42 and its 200 day moving average is $11.64. 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 company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.13%. Arbor Realty Trust's dividend payout ratio is presently 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.