Perigon Wealth Management LLC Invests $417,000 in Arbor Realty Trust, Inc. (NYSE:ABR)

Perigon Wealth Management LLC acquired a new stake in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,687 shares of the real estate investment trust's stock, valued at approximately $417,000.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in Arbor Realty Trust by 75.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 688 shares during the last quarter. Raymond James Trust N.A. grew its holdings in Arbor Realty Trust by 3.0% during the 3rd quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust's stock valued at $370,000 after purchasing an additional 698 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 701 shares in the last quarter. US Bancorp DE grew its holdings in Arbor Realty Trust by 6.3% during the 3rd quarter. US Bancorp DE now owns 16,504 shares of the real estate investment trust's stock worth $257,000 after acquiring an additional 979 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Arbor Realty Trust by 0.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust's stock worth $2,126,000 after buying an additional 1,007 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

Shares of NYSE ABR traded up $0.01 during trading hours on Wednesday, hitting $13.74. 1,500,986 shares of the company's stock were exchanged, compared to its average volume of 2,275,732. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 10.17 and a beta of 2.03. The company's 50-day moving average price is $13.83 and its 200-day moving average price is $14.18. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. Arbor Realty Trust, Inc. has a 1-year low of $11.92 and a 1-year high of $15.94.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ABR shares. JPMorgan Chase & Co. decreased their price target on Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price target on shares of Arbor Realty Trust from $14.25 to $13.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $14.00.

Insiders Place Their Bets

In related news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the transaction, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.70% of the company's stock.

Arbor Realty Trust Company 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.