Louisiana State Employees Retirement System Invests $1.43 Million in Arbor Realty Trust, Inc. (NYSE:ABR)

Louisiana State Employees Retirement System acquired a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 94,300 shares of the real estate investment trust’s stock, valued at approximately $1,431,000.

Several other institutional investors also recently modified their holdings of ABR. AlphaCrest Capital Management LLC bought a new position in shares of Arbor Realty Trust during the 1st quarter worth approximately $212,000. MetLife Investment Management LLC lifted its position in shares of Arbor Realty Trust by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 76,796 shares of the real estate investment trust’s stock worth $1,310,000 after buying an additional 27,383 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Arbor Realty Trust by 20.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,214 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,223 shares during the period. Cetera Investment Advisers lifted its position in shares of Arbor Realty Trust by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 138,111 shares of the real estate investment trust’s stock worth $2,356,000 after buying an additional 14,771 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Arbor Realty Trust by 28.7% during the 1st quarter. Vanguard Group Inc. now owns 9,436,190 shares of the real estate investment trust’s stock worth $160,982,000 after buying an additional 2,103,266 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ABR shares. Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. JMP Securities cut their price objective on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a research report on Thursday, February 1st. Wedbush reiterated a “neutral” rating and issued a $13.00 price objective (down previously from $17.00) on shares of Arbor Realty Trust in a research report on Thursday, April 11th. JPMorgan Chase & Co. cut their price objective on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research report on Wednesday, April 10th. Finally, TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Two 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.71.

Insider Transactions at Arbor Realty Trust

In other news, Director William C. Green bought 10,209 shares of the company’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 transaction, the director now directly owns 162,809 shares in the company, valued at approximately $2,105,120.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

Arbor Realty Trust Trading Up 1.1 %

ABR stock opened at $12.62 on Friday. The company has a market cap of $2.38 billion, a P/E ratio of 7.17 and a beta of 1.97. Arbor Realty Trust, Inc. has a twelve month low of $10.10 and a twelve month high of $17.74. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 3.21. The business has a fifty day moving average of $12.89 and a 200-day moving average of $13.50.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.43 per share. The ex-dividend date was Friday, March 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.63%. Arbor Realty Trust’s payout ratio is currently 97.73%.

Arbor Realty Trust Company 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.