Two Sigma Advisers LP Reduces Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Two Sigma Advisers LP trimmed its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 68.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,700 shares of the real estate investment trust’s stock after selling 101,900 shares during the period. Two Sigma Advisers LP’s holdings in Arbor Realty Trust were worth $647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dunhill Financial LLC bought a new position in shares of Arbor Realty Trust in the 4th quarter worth about $29,000. Smartleaf Asset Management LLC increased its stake in shares of Arbor Realty Trust by 280.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,934 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Arbor Realty Trust in the 4th quarter worth about $36,000. Quarry LP increased its stake in shares of Arbor Realty Trust by 249.6% in the 4th quarter. Quarry LP now owns 3,531 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 2,521 shares in the last quarter. Finally, Shakespeare Wealth Management LLC bought a new position in shares of Arbor Realty Trust in the 4th quarter worth about $59,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Up 2.9%

NYSE:ABR opened at $9.73 on Wednesday. The firm has a market cap of $1.87 billion, a P/E ratio of 8.17 and a beta of 1.50. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49. Arbor Realty Trust, Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $15.94. The firm has a 50-day simple moving average of $10.64 and a two-hundred day simple moving average of $12.48.

Arbor Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 12.34%. Arbor Realty Trust’s dividend payout ratio is currently 115.38%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ABR shares. Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating for the company in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Arbor Realty Trust currently has a consensus rating of “Hold” and an average price target of $13.20.

Insider Buying and Selling at Arbor Realty Trust

In related news, CEO Ivan Kaufman purchased 140,000 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average price of $9.43 per share, with a total value of $1,320,200.00. Following the acquisition, the chief executive officer now directly owns 1,929,816 shares in the company, valued at $18,198,164.88. The trade was a 7.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 210,000 shares of company stock worth $1,942,000. 3.80% of the stock is owned by corporate insiders.

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.