GAMMA Investing LLC Raises Holdings in Arbor Realty Trust (NYSE:ABR)

GAMMA Investing LLC grew its position in shares of Arbor Realty Trust (NYSE:ABR) by 223.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,343 shares of the real estate investment trust’s stock after buying an additional 2,308 shares during the period. GAMMA Investing LLC’s holdings in Arbor Realty Trust were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Palogic Value Management L.P. raised its stake in shares of Arbor Realty Trust by 12.8% during the 4th quarter. Palogic Value Management L.P. now owns 94,298 shares of the real estate investment trust’s stock valued at $1,306,000 after purchasing an additional 10,675 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Arbor Realty Trust during the 4th quarter valued at $1,322,000. Bernard Wealth Management Corp. bought a new stake in shares of Arbor Realty Trust during the 4th quarter valued at $36,000. GTS Securities LLC raised its stake in shares of Arbor Realty Trust by 126.4% during the 4th quarter. GTS Securities LLC now owns 12,827 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 61,427 shares during the period. Finally, Novem Group bought a new stake in shares of Arbor Realty Trust during the 4th quarter valued at $239,000. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $11.28 on Friday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 10.84 and a beta of 1.37. The company has a quick ratio of 36.48, a current ratio of 36.48 and a debt-to-equity ratio of 1.92. The stock’s 50-day simple moving average is $10.33 and its two-hundred day simple moving average is $11.77. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.94.

Arbor Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.64%. Arbor Realty Trust’s dividend payout ratio is currently 115.38%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, May 5th. Keefe, Bruyette & Woods decreased their price objective on Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.20.

Insiders Place Their Bets

In other news, CEO Ivan Kaufman acquired 140,000 shares of Arbor Realty Trust stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $9.43 per share, for a total transaction of $1,320,200.00. Following the transaction, the chief executive officer owned 1,929,816 shares of the company’s stock, valued at $18,198,164.88. This trade represents a 7.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders bought 210,000 shares of company stock valued at $1,942,000. 3.80% of the stock is owned by corporate insiders.

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.