SteelPeak Wealth LLC Acquires New Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

SteelPeak Wealth LLC bought a new position in Arbor Realty Trust, Inc. (NYSE:ABR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,100 shares of the real estate investment trust’s stock, valued at approximately $187,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Arbor Realty Trust in the 4th quarter worth about $1,540,000. Northern Trust Corp increased its position in shares of Arbor Realty Trust by 5.4% during the third quarter. Northern Trust Corp now owns 1,954,364 shares of the real estate investment trust’s stock worth $29,667,000 after acquiring an additional 100,371 shares during the period. Sowell Financial Services LLC raised its stake in shares of Arbor Realty Trust by 8.8% during the fourth quarter. Sowell Financial Services LLC now owns 15,566 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 1,255 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Arbor Realty Trust by 25.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 484,520 shares of the real estate investment trust’s stock valued at $7,355,000 after acquiring an additional 98,283 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Arbor Realty Trust in the third quarter worth approximately $6,220,000. 57.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ABR has been the subject of a number of research analyst reports. JMP Securities decreased their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research report on Thursday, June 20th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a research note on Monday, May 6th. JPMorgan Chase & Co. cut their target price 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. Keefe, Bruyette & Woods lowered 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 report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.54.

Arbor Realty Trust Stock Down 1.1 %

NYSE:ABR opened at $14.19 on Tuesday. The company’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $13.60. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.63 and a current ratio of 36.63. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $17.74. The stock has a market capitalization of $2.67 billion, a P/E ratio of 8.81 and a beta of 2.03.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.72 annualized dividend and a yield of 12.12%. Arbor Realty Trust’s dividend payout ratio (DPR) is 106.83%.

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.