Voloridge Investment Management LLC Acquires 26,383 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Voloridge Investment Management LLC lifted its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 629,298 shares of the real estate investment trust's stock after purchasing an additional 26,383 shares during the period. Voloridge Investment Management LLC owned 0.33% of Arbor Realty Trust worth $8,716,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its holdings in shares of Arbor Realty Trust by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust's stock worth $49,128,000 after purchasing an additional 35,777 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Arbor Realty Trust during the 4th quarter valued at $1,144,000. Nisa Investment Advisors LLC lifted its holdings in shares of Arbor Realty Trust by 29.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust's stock valued at $1,459,000 after acquiring an additional 23,987 shares in the last quarter. Norges Bank acquired a new position in Arbor Realty Trust in the 4th quarter worth $8,419,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Arbor Realty Trust by 2.2% in the 4th 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 purchasing an additional 27,327 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ivan Kaufman bought 60,000 shares of Arbor Realty Trust stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $8.70 per share, for a total transaction of $522,000.00. Following the purchase, the chief executive officer now directly owns 1,989,816 shares in the company, valued at $17,311,399.20. The trade was a 3.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 210,000 shares of company stock worth $1,942,000 in the last ninety days. Company insiders own 3.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ABR. 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. 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. Finally, Raymond James downgraded shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.20.

Arbor Realty Trust Stock Performance

Shares of ABR traded down $0.19 during trading hours on Friday, hitting $9.66. The company had a trading volume of 1,584,513 shares, compared to its average volume of 3,290,593. Arbor Realty Trust, Inc. has a 12 month low of $8.43 and a 12 month high of $15.94. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 8.14 and a beta of 1.50. The business has a fifty day moving average of $10.79 and a 200-day moving average of $12.61. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41.

Arbor Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 12.43%. Arbor Realty Trust's dividend payout ratio (DPR) is presently 115.38%.

Arbor Realty Trust 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.