Alpha Cubed Investments LLC Grows Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Alpha Cubed Investments LLC grew its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,184 shares of the real estate investment trust’s stock after acquiring an additional 825 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Arbor Realty Trust were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ABR. Melia Wealth LLC purchased a new position in Arbor Realty Trust in the fourth quarter worth approximately $18,906,000. Vanguard Group Inc. boosted its stake in Arbor Realty Trust by 4.2% during the third quarter. Vanguard Group Inc. now owns 18,645,518 shares of the real estate investment trust’s stock worth $283,039,000 after buying an additional 743,221 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Arbor Realty Trust during the third quarter valued at about $6,220,000. Invesco Ltd. lifted its holdings in shares of Arbor Realty Trust by 54.1% in the 3rd quarter. Invesco Ltd. now owns 890,357 shares of the real estate investment trust’s stock worth $13,516,000 after acquiring an additional 312,694 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Arbor Realty Trust by 460.3% during the 3rd quarter. New York State Teachers Retirement System now owns 272,907 shares of the real estate investment trust’s stock worth $4,143,000 after purchasing an additional 224,196 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 1.1 %

Shares of NYSE:ABR opened at $12.97 on Thursday. The company has a market cap of $2.46 billion, a PE ratio of 7.37 and a beta of 1.97. The company’s 50 day moving average is $12.85 and its two-hundred day moving average is $13.43. Arbor Realty Trust, Inc. has a 52 week low of $10.70 and a 52 week high of $17.74. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 3.21.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.43 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.27%. Arbor Realty Trust’s payout ratio is currently 97.73%.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green purchased 10,209 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $12.93 per share, with a total value of $132,002.37. Following the completion of the acquisition, the director now directly owns 162,809 shares of the company’s stock, valued at approximately $2,105,120.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

ABR has been the topic of a number of research analyst reports. TheStreet raised Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Wedbush reissued a “neutral” rating and set a $13.00 target price (down previously from $17.00) on shares of Arbor Realty Trust in a research note on Thursday, April 11th. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. 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 research note on Wednesday, April 10th. Finally, JMP Securities cut their target price 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust presently has an average rating of “Hold” and an average target price of $14.71.

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.