Arbor Realty Trust, Inc. (NYSE:ABR) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP cut its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 34.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,954 shares of the real estate investment trust’s stock after selling 17,118 shares during the period. Stevens Capital Management LP’s holdings in Arbor Realty Trust were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ABR. Melia Wealth LLC acquired a new stake in shares of Arbor Realty Trust during the fourth quarter valued at about $18,906,000. Vanguard Group Inc. grew its holdings in shares of Arbor Realty Trust by 4.2% in the third quarter. Vanguard Group Inc. now owns 18,645,518 shares of the real estate investment trust’s stock valued at $283,039,000 after purchasing an additional 743,221 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Arbor Realty Trust in the third quarter valued at approximately $6,220,000. Invesco Ltd. grew its holdings in shares of Arbor Realty Trust by 54.1% in the third quarter. Invesco Ltd. now owns 890,357 shares of the real estate investment trust’s stock valued at $13,516,000 after purchasing an additional 312,694 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Arbor Realty Trust by 460.3% in the third quarter. New York State Teachers Retirement System now owns 272,907 shares of the real estate investment trust’s stock valued at $4,143,000 after purchasing an additional 224,196 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABR has been the subject of a number of research reports. Wedbush restated a “neutral” rating and issued a $13.00 price objective (down previously from $17.00) on shares of Arbor Realty Trust in a report on Thursday, April 11th. JMP Securities dropped their price objective on shares of Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, February 1st. TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Keefe, Bruyette & Woods decreased 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 research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.71.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green acquired 10,209 shares of Arbor Realty Trust stock in a transaction dated Monday, March 18th. The stock was acquired at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the transaction, the director now owns 162,809 shares of the company’s stock, valued at $2,105,120.37. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.40% of the company’s stock.

Arbor Realty Trust Stock Down 3.7 %

Shares of NYSE:ABR traded down $0.48 during trading on Thursday, hitting $12.54. 3,778,982 shares of the company were exchanged, compared to its average volume of 4,548,178. The stock has a market capitalization of $2.38 billion, a P/E ratio of 7.13 and a beta of 1.97. The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02. Arbor Realty Trust, Inc. has a 12-month low of $10.35 and a 12-month high of $17.74. The firm’s 50 day moving average price is $12.92 and its 200-day moving average price is $13.48.

Arbor Realty Trust Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, March 1st. This represents a $1.72 annualized dividend and a dividend yield of 13.72%. Arbor Realty Trust’s dividend payout ratio is presently 97.73%.

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.