Arbor Realty Trust, Inc. (NYSE:ABR) Position Reduced by LSV Asset Management

LSV Asset Management trimmed its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,165,784 shares of the real estate investment trust’s stock after selling 24,962 shares during the period. LSV Asset Management owned approximately 0.62% of Arbor Realty Trust worth $17,697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Melia Wealth LLC bought a new position in Arbor Realty Trust during the fourth quarter valued at about $18,906,000. Vanguard Group Inc. grew its stake in shares of Arbor Realty Trust by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,645,518 shares of the real estate investment trust’s stock worth $283,039,000 after purchasing an additional 743,221 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Arbor Realty Trust in the 3rd quarter worth approximately $6,220,000. Invesco Ltd. lifted its stake in Arbor Realty Trust by 54.1% during the third quarter. Invesco Ltd. now owns 890,357 shares of the real estate investment trust’s stock valued at $13,516,000 after purchasing an additional 312,694 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Arbor Realty Trust by 460.3% during the third 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 buying an additional 224,196 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ABR. Keefe, Bruyette & Woods cut their price objective 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. reduced their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Wedbush reissued a “neutral” rating and issued a $13.00 price target on shares of Arbor Realty Trust in a research note on Monday. JMP Securities reduced their price objective on shares of Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, February 1st. Finally, TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.71.

Arbor Realty Trust Trading Up 4.0 %

NYSE:ABR opened at $13.41 on Tuesday. The stock has a market cap of $2.54 billion, a PE ratio of 8.33 and a beta of 1.96. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $17.74. The company has a debt-to-equity ratio of 3.14, a current ratio of 36.63 and a quick ratio of 36.02. The stock’s 50-day moving average is $12.86 and its two-hundred day moving average is $13.40.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.83%. The ex-dividend date is Thursday, May 16th. Arbor Realty Trust’s payout ratio is presently 106.83%.

Insider Buying and Selling at Arbor Realty Trust

In related news, Director William C. Green bought 10,209 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $12.93 per share, with a total value of $132,002.37. Following the purchase, 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 document filed with the SEC, which is available at this hyperlink. Company 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.