J.P. Morgan Private Wealth Advisors LLC cut its holdings in Arbor Realty Trust, Inc. (NYSE:ABR – Free Report) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,961 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Arbor Realty Trust were worth $2,322,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in ABR. Financial Freedom LLC bought a new position in Arbor Realty Trust during the fourth quarter valued at about $27,000. State of Wyoming bought a new position in Arbor Realty Trust during the fourth quarter valued at about $27,000. Quadrant Capital Group LLC increased its stake in Arbor Realty Trust by 8,000.0% during the second quarter. Quadrant Capital Group LLC now owns 2,106 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,080 shares during the period. Money Concepts Capital Corp bought a new position in Arbor Realty Trust during the fourth quarter valued at about $32,000. Finally, Harbour Investments Inc. increased its stake in Arbor Realty Trust by 1,137.6% during the second quarter. Harbour Investments Inc. now owns 2,636 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,423 shares during the period. 53.00% of the stock is currently owned by institutional investors.
Insider Transactions at Arbor Realty Trust
In other Arbor Realty Trust news, CFO Paul Elenio bought 2,500 shares of Arbor Realty Trust stock in a transaction dated Monday, November 27th. The shares were acquired at an average cost of $12.03 per share, with a total value of $30,075.00. Following the acquisition, the chief financial officer now directly owns 282,299 shares of the company’s stock, valued at $3,396,056.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ivan Kaufman acquired 15,000 shares of Arbor Realty Trust stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of $12.23 per share, with a total value of $183,450.00. Following the acquisition, the chief executive officer now owns 1,048,412 shares in the company, valued at $12,822,078.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Paul Elenio acquired 2,500 shares of Arbor Realty Trust stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of $12.03 per share, for a total transaction of $30,075.00. Following the acquisition, the chief financial officer now owns 282,299 shares in the company, valued at approximately $3,396,056.97. The disclosure for this purchase can be found here. Insiders have acquired 77,500 shares of company stock valued at $941,100 in the last three months. 3.40% of the stock is owned by corporate insiders.
Arbor Realty Trust Stock Up 1.8 %
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Arbor Realty Trust in a report on Thursday, November 30th. JMP Securities decreased their price objective on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating on the stock in a report on Thursday, February 1st. Finally, TheStreet downgraded Arbor Realty Trust from a “c” rating to a “d+” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust has an average rating of “Hold” and an average target price of $15.42.
About Arbor Realty Trust
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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