Hennion & Walsh Asset Management Inc. Has $1.59 Million Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Hennion & Walsh Asset Management Inc. boosted its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 63.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,801 shares of the real estate investment trust’s stock after purchasing an additional 46,602 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.06% of Arbor Realty Trust worth $1,587,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ABR. ICA Group Wealth Management LLC bought a new position in shares of Arbor Realty Trust during the fourth quarter worth $35,000. Cape Investment Advisory Inc. raised its stake 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 worth $35,000 after buying an additional 2,015 shares during the period. Sound Income Strategies LLC lifted its holdings in Arbor Realty Trust by 322.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,791 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Arbor Realty Trust in the fourth quarter valued at about $38,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Arbor Realty Trust in the fourth quarter worth about $41,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Up 0.9 %

Arbor Realty Trust stock opened at $14.35 on Friday. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. Arbor Realty Trust, Inc. has a 1-year low of $11.77 and a 1-year high of $17.74. The company has a fifty day simple moving average of $13.61 and a 200 day simple moving average of $13.62. The company has a market cap of $2.71 billion, a P/E ratio of 8.91 and a beta of 1.98.

Arbor Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ABR shares. Wedbush reiterated a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a research report on Monday, May 6th. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. cut their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 10th. JMP Securities reduced their target price on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, June 20th. Finally, Keefe, Bruyette & Woods dropped their price target on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock 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 given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.