Louisiana State Employees Retirement System Takes $1.43 Million Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Louisiana State Employees Retirement System purchased a new position in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 94,300 shares of the real estate investment trust's stock, valued at approximately $1,431,000. Louisiana State Employees Retirement System owned approximately 0.05% of Arbor Realty Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ABR. BlackRock Inc. raised its stake in Arbor Realty Trust by 55.6% in the second quarter. BlackRock Inc. now owns 24,979,705 shares of the real estate investment trust's stock valued at $370,199,000 after purchasing an additional 8,928,167 shares in the last quarter. State Street Corp raised its stake in Arbor Realty Trust by 84.1% in the second quarter. State Street Corp now owns 6,690,200 shares of the real estate investment trust's stock valued at $99,149,000 after purchasing an additional 3,055,294 shares in the last quarter. Vanguard Group Inc. raised its stake in Arbor Realty Trust by 28.7% in the first quarter. Vanguard Group Inc. now owns 9,436,190 shares of the real estate investment trust's stock valued at $160,982,000 after purchasing an additional 2,103,266 shares in the last quarter. Melia Wealth LLC purchased a new stake in Arbor Realty Trust in the fourth quarter valued at approximately $18,906,000. Finally, Nuveen Asset Management LLC raised its stake in Arbor Realty Trust by 116.7% in the second quarter. Nuveen Asset Management LLC now owns 1,167,601 shares of the real estate investment trust's stock valued at $17,304,000 after purchasing an additional 628,891 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $13.50 to $13.25 and set a "market perform" rating on the stock in a research note on Wednesday, April 10th. JMP Securities decreased their price target on shares of Arbor Realty Trust from $19.00 to $17.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 1st. Wedbush restated a "neutral" rating and issued a $13.00 price objective (down from $17.00) on shares of Arbor Realty Trust in a report on Thursday, April 11th. TheStreet upgraded shares of Arbor Realty Trust from a "d+" rating to a "c" rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an "underweight" rating for the company in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $14.71.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green bought 10,209 shares of Arbor Realty Trust stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $12.93 per share, with a total value of $132,002.37. Following the transaction, the director now directly owns 162,809 shares of the company's stock, valued at $2,105,120.37. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.40% of the company's stock.

Arbor Realty Trust Trading Up 1.1 %

Arbor Realty Trust stock traded up $0.14 during mid-day trading on Friday, reaching $12.62. 3,149,777 shares of the company traded hands, compared to its average volume of 3,210,651. The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02. The firm's 50 day moving average price is $12.89 and its 200 day moving average price is $13.50. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.17 and a beta of 1.97. Arbor Realty Trust, Inc. has a 52-week low of $10.10 and a 52-week high of $17.74.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.63%. The ex-dividend date was Friday, March 1st. Arbor Realty Trust's dividend payout ratio is presently 97.73%.

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.