Raymond James & Associates Sells 9,613 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Raymond James & Associates decreased its position in Arbor Realty Trust, Inc. (NYSE:ABR – Get Rating) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 331,244 shares of the real estate investment trust’s stock after selling 9,613 shares during the quarter. Raymond James & Associates owned about 0.19% of Arbor Realty Trust worth $4,369,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Financial Advocates Investment Management bought a new stake in shares of Arbor Realty Trust in the 3rd quarter valued at approximately $286,000. Trifecta Capital Advisors LLC bought a new stake in shares of Arbor Realty Trust in the 4th quarter valued at approximately $49,000. Worth Asset Management LLC bought a new stake in shares of Arbor Realty Trust in the 1st quarter valued at approximately $62,000. Point72 Hong Kong Ltd grew its stake in shares of Arbor Realty Trust by 31.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 4,043 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 969 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Arbor Realty Trust by 1,614.8% in the 3rd quarter. Signaturefd LLC now owns 4,390 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 4,134 shares in the last quarter. Institutional investors own 40.52% of the company’s stock.

Arbor Realty Trust Stock Up 0.3 %

Shares of ABR stock opened at $12.55 on Wednesday. Arbor Realty Trust, Inc. has a 12 month low of $10.10 and a 12 month high of $16.77. The firm has a market cap of $2.27 billion, a PE ratio of 7.30 and a beta of 1.94. The stock has a 50 day moving average of $11.37 and a 200-day moving average of $13.32. The company has a quick ratio of 45.47, a current ratio of 45.47 and a debt-to-equity ratio of 3.59.

Arbor Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 19th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.39%. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, May 18th. Arbor Realty Trust’s dividend payout ratio is presently 97.67%.

Insider Activity at Arbor Realty Trust

In other news, CEO Ivan Kaufman bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was acquired at an average cost of $11.98 per share, for a total transaction of $179,700.00. Following the completion of the purchase, the chief executive officer now owns 1,183,277 shares of the company’s stock, valued at approximately $14,175,658.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director William C. Green acquired 4,200 shares of the company’s stock in a transaction on Monday, March 13th. The stock was purchased at an average cost of $12.94 per share, for a total transaction of $54,348.00. Following the completion of the purchase, the director now directly owns 138,905 shares of the company’s stock, valued at approximately $1,797,430.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ivan Kaufman acquired 15,000 shares of the company’s stock in a transaction on Monday, May 8th. The shares were bought at an average price of $11.98 per share, with a total value of $179,700.00. Following the completion of the purchase, the chief executive officer now directly owns 1,183,277 shares of the company’s stock, valued at $14,175,658.46. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 29,200 shares of company stock worth $358,348. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on ABR. JPMorgan Chase & Co. cut Arbor Realty Trust from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $11.00 in a research report on Monday, April 24th. StockNews.com began coverage on Arbor Realty Trust in a research report on Thursday, May 18th. They set a “hold” rating for the company. Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $15.50 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, April 13th. JMP Securities reaffirmed a “market outperform” rating and set a $17.50 target price on shares of Arbor Realty Trust in a research report on Wednesday, March 15th. Finally, Raymond James cut their price target on Arbor Realty Trust from $18.50 to $16.00 and set an “outperform” rating for the company in a report on Friday, May 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $14.60.

Arbor Realty Trust Company Profile

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Arbor Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of loan origination and servicing for multifamily, seniors housing, healthcare, and diverse commercial real estate assets. It operates through the Structured Business and Agency Business segments. The Structured Business segment offers structured loan origination and investment services.