Geneos Wealth Management Inc. Has $72,000 Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Geneos Wealth Management Inc. reduced its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 80.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,716 shares of the real estate investment trust’s stock after selling 19,626 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Arbor Realty Trust were worth $72,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Freedom LLC bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $27,000. State of Wyoming bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $27,000. Money Concepts Capital Corp bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $32,000. Sound Income Strategies LLC lifted its stake in shares of Arbor Realty Trust by 322.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,791 shares during the period. Finally, Harbour Investments Inc. lifted its stake in shares of Arbor Realty Trust by 1,137.6% in the second quarter. Harbour Investments Inc. now owns 2,636 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,423 shares during the period. 57.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William C. Green bought 10,209 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the completion of the purchase, the director now owns 162,809 shares of the company’s stock, valued at approximately $2,105,120.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Arbor Realty Trust Stock Down 0.9 %

Shares of ABR opened at $12.07 on Wednesday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 6.86 and a beta of 1.97. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 3.21. Arbor Realty Trust, Inc. has a 12 month low of $10.10 and a 12 month high of $17.74. The company has a 50-day moving average price of $12.88 and a two-hundred day moving average price of $13.53.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.25%. The ex-dividend date of this dividend was Friday, March 1st. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 97.73%.

Analysts Set New Price Targets

ABR has been the subject of several research reports. TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Wedbush reiterated a “neutral” rating and issued a $13.00 target price (down previously from $17.00) on shares of Arbor Realty Trust in a research note on Thursday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. cut their price target on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, April 10th. Finally, JMP Securities cut their price target 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.71.

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 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.