J.W. Cole Advisors Inc. Trims Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

J.W. Cole Advisors Inc. lessened its holdings in Arbor Realty Trust, Inc. (NYSE:ABRGet Rating) by 20.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,708 shares of the real estate investment trust’s stock after selling 4,134 shares during the period. J.W. Cole Advisors Inc.’s holdings in Arbor Realty Trust were worth $268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $31,000. Financial Management Professionals Inc. purchased a new stake in shares of Arbor Realty Trust in the first quarter valued at about $30,000. CWM LLC lifted its holdings in shares of Arbor Realty Trust by 30.5% in the first quarter. CWM LLC now owns 2,935 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 686 shares in the last quarter. Worth Asset Management LLC purchased a new stake in shares of Arbor Realty Trust in the first quarter valued at about $62,000. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Arbor Realty Trust by 20.4% during the first quarter. Great West Life Assurance Co. Can now owns 7,214 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 1,223 shares during the period. Hedge funds and other institutional investors own 41.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director William C. Green purchased 9,255 shares of the business’s stock in a transaction on Monday, September 12th. The shares were bought at an average price of $15.36 per share, with a total value of $142,156.80. Following the completion of the purchase, the director now directly owns 134,705 shares in the company, valued at approximately $2,069,068.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ABR has been the topic of several recent analyst reports. JMP Securities reduced their price objective on shares of Arbor Realty Trust from $21.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Monday, August 1st. Piper Sandler reduced their price objective on shares of Arbor Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. Finally, StockNews.com downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $14.36 on Wednesday. The company has a quick ratio of 42.12, a current ratio of 42.12 and a debt-to-equity ratio of 4.12. The company has a market cap of $2.45 billion, a P/E ratio of 7.07 and a beta of 1.82. Arbor Realty Trust, Inc. has a fifty-two week low of $12.18 and a fifty-two week high of $20.74. The firm’s 50 day moving average is $15.20 and its two-hundred day moving average is $15.79.

Arbor Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.56 dividend on an annualized basis and a yield of 10.86%. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.38. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 76.85%.

Arbor Realty Trust Profile

(Get Rating)

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 in two segments, Structured Business and Agency Business. 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.

See Also

Want to see what other hedge funds are holding ABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arbor Realty Trust, Inc. (NYSE:ABRGet Rating).

Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

Receive News & Ratings for Arbor Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arbor Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.