Kingsview Wealth Management LLC raised its stake in Arbor Realty Trust, Inc. (NYSE:ABR – Free Report) by 80.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,849 shares of the real estate investment trust’s stock after acquiring an additional 11,108 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Arbor Realty Trust were worth $377,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of ABR. Financial Freedom LLC acquired a new position in Arbor Realty Trust in the 4th quarter valued at $27,000. State of Wyoming acquired a new position in Arbor Realty Trust during the 4th quarter worth about $27,000. Quadrant Capital Group LLC lifted its stake in Arbor Realty Trust by 8,000.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,106 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 2,080 shares in the last quarter. Money Concepts Capital Corp acquired a new position in Arbor Realty Trust during the 4th quarter worth about $32,000. Finally, Harbour Investments Inc. raised its position in Arbor Realty Trust by 1,137.6% in the 2nd quarter. Harbour Investments Inc. now owns 2,636 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,423 shares in the last quarter. 53.00% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently weighed in on ABR. Wedbush reissued an “outperform” rating and set a $17.00 target price on shares of Arbor Realty Trust in a research report on Thursday, November 30th. JMP Securities lowered their target price on 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, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of “Hold” and a consensus target price of $15.42.
Arbor Realty Trust Stock Performance
Shares of ABR stock opened at $12.57 on Wednesday. The stock has a fifty day moving average price of $14.42 and a 200 day moving average price of $14.58. The stock has a market cap of $2.37 billion, a PE ratio of 7.10 and a beta of 2.00. Arbor Realty Trust, Inc. has a 1 year low of $10.10 and a 1 year high of $17.74. The company has a debt-to-equity ratio of 3.25, a quick ratio of 38.40 and a current ratio of 38.40.
Insider Transactions at Arbor Realty Trust
In related news, CEO Ivan Kaufman purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of $12.05 per share, with a total value of $120,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,108,412 shares in the company, valued at approximately $13,356,364.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Arbor Realty Trust news, CEO Ivan Kaufman acquired 10,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average price of $12.05 per share, with a total value of $120,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,108,412 shares in the company, valued at $13,356,364.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Paul Elenio acquired 7,500 shares of the stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $12.37 per share, with a total value of $92,775.00. Following the transaction, the chief financial officer now owns 277,299 shares of the company’s stock, valued at $3,430,188.63. The disclosure for this purchase can be found here. Insiders purchased a total of 77,500 shares of company stock valued at $941,100 over the last three months. 3.40% of the stock is currently owned by insiders.
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 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.
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