Atria Wealth Solutions Inc. Sells 6,572 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Atria Wealth Solutions Inc. cut its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,037 shares of the real estate investment trust’s stock after selling 6,572 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Arbor Realty Trust were worth $3,128,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC raised its holdings in Arbor Realty Trust by 322.1% in the 4th 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 last quarter. Anchor Investment Management LLC acquired a new position in shares of Arbor Realty Trust during the fourth quarter worth $41,000. Halpern Financial Inc. grew its stake in shares of Arbor Realty Trust by 601.8% in the fourth quarter. Halpern Financial Inc. now owns 3,509 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 3,009 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in Arbor Realty Trust in the third quarter valued at $93,000. Finally, PNC Financial Services Group Inc. raised its position in Arbor Realty Trust by 27.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,121 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 1,333 shares during the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Price Performance

Shares of ABR opened at $12.82 on Monday. The firm has a market cap of $2.43 billion, a PE ratio of 7.28 and a beta of 1.97. Arbor Realty Trust, Inc. has a 52-week low of $10.57 and a 52-week high of $17.74. The company has a debt-to-equity ratio of 3.21, a quick ratio of 36.02 and a current ratio of 36.02. The business’s 50 day moving average price is $12.88 and its two-hundred day moving average price is $13.45.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 13.42%. The ex-dividend date was Friday, March 1st. Arbor Realty Trust’s dividend payout ratio is presently 97.73%.

Insiders Place Their Bets

In related news, Director William C. Green acquired 10,209 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the completion of the acquisition, the director now owns 162,809 shares of the company’s stock, valued at $2,105,120.37. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ABR shares. JMP Securities decreased their price target on 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. Wedbush reiterated a “neutral” rating and issued a $13.00 target price (down from $17.00) on shares of Arbor Realty Trust in a report on Thursday, April 11th. Keefe, Bruyette & Woods lowered 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 report on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 10th. Finally, TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.71.

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 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.