Wellington Management Group LLP Raises Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Wellington Management Group LLP increased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,405 shares of the real estate investment trust’s stock after buying an additional 33,643 shares during the period. Wellington Management Group LLP owned about 0.24% of Arbor Realty Trust worth $6,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ABR. Cape Investment Advisory Inc. increased its position in Arbor Realty Trust by 671.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,015 shares during the period. Sound Income Strategies LLC raised its stake in Arbor Realty Trust by 322.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,791 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Arbor Realty Trust during the fourth quarter worth $38,000. Anchor Investment Management LLC bought a new stake in Arbor Realty Trust during the 4th quarter valued at $41,000. Finally, Halpern Financial Inc. increased its holdings in shares of Arbor Realty Trust by 601.8% in the 4th quarter. Halpern Financial Inc. now owns 3,509 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 3,009 shares during the period. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Stock Up 0.9 %

ABR opened at $14.35 on Friday. The company has a market cap of $2.70 billion, a PE ratio of 8.91 and a beta of 1.98. Arbor Realty Trust, Inc. has a twelve month low of $11.77 and a twelve month high of $17.74. The company has a 50-day moving average price of $13.61 and a 200 day moving average price of $13.63. The company has a quick ratio of 36.63, a current ratio of 36.63 and a debt-to-equity ratio of 3.14.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 11.99%. The ex-dividend date of this dividend was Thursday, May 16th. Arbor Realty Trust’s payout ratio is currently 106.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ABR shares. Keefe, Bruyette & Woods dropped their price objective on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. JMP Securities dropped their price target on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Thursday, June 20th. Wedbush restated a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. decreased their price objective 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 issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arbor Realty Trust has an average rating of “Hold” and an average target price of $14.54.

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.