Teacher Retirement System of Texas Takes $324,000 Position in Arbor Realty Trust (NYSE:ABR)

Teacher Retirement System of Texas acquired a new stake in Arbor Realty Trust (NYSE:ABR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,573 shares of the real estate investment trust’s stock, valued at approximately $324,000.

Several other institutional investors and hedge funds have also made changes to their positions in ABR. Wasatch Advisors LP increased its stake in Arbor Realty Trust by 1.0% in the fourth quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust’s stock valued at $49,128,000 after purchasing an additional 35,777 shares during the last quarter. Norges Bank acquired a new position in Arbor Realty Trust in the fourth quarter valued at $8,419,000. Oppenheimer & Co. Inc. acquired a new position in Arbor Realty Trust in the first quarter valued at $250,000. Cambridge Investment Research Advisors Inc. increased its stake in Arbor Realty Trust by 5.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 499,202 shares of the real estate investment trust’s stock valued at $5,866,000 after purchasing an additional 27,153 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Arbor Realty Trust by 1,208.7% in the fourth quarter. Sei Investments Co. now owns 153,898 shares of the real estate investment trust’s stock valued at $2,131,000 after purchasing an additional 142,138 shares during the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Down 1.2%

ABR opened at $11.21 on Friday. Arbor Realty Trust has a 12 month low of $8.43 and a 12 month high of $15.94. The company has a debt-to-equity ratio of 1.92, a current ratio of 36.48 and a quick ratio of 36.48. The stock has a market cap of $2.15 billion, a P/E ratio of 10.78 and a beta of 1.37. The stock’s 50 day moving average price is $10.42 and its 200 day moving average price is $11.67.

Arbor Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.70%. Arbor Realty Trust’s dividend payout ratio is 115.38%.

Analyst Ratings Changes

Several brokerages have commented on ABR. JPMorgan Chase & Co. dropped their price target on 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. Keefe, Bruyette & Woods dropped their price target on 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $13.20.

Insider Buying and Selling at Arbor Realty Trust

In other news, CEO Ivan Kaufman bought 140,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were purchased at an average price of $9.43 per share, for a total transaction of $1,320,200.00. Following the completion of the purchase, the chief executive officer directly 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 210,000 shares of company stock worth $1,942,000 in the last quarter. Insiders own 3.80% of the company’s stock.

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.