Arbor Realty Trust, Inc. (NYSE:ABR) Position Increased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 10.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,973 shares of the real estate investment trust’s stock after buying an additional 5,975 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Arbor Realty Trust were worth $861,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Wasatch Advisors LP lifted its stake in Arbor Realty Trust by 16.2% during the first quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust’s stock valued at $46,245,000 after buying an additional 485,422 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Arbor Realty Trust in the first quarter worth approximately $187,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Arbor Realty Trust by 63.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 119,801 shares of the real estate investment trust’s stock worth $1,587,000 after purchasing an additional 46,602 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its position in shares of Arbor Realty Trust by 10.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 54,658 shares of the real estate investment trust’s stock worth $666,000 after purchasing an additional 5,371 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of Arbor Realty Trust by 70.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 34,225 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 14,167 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Up 0.9 %

Shares of ABR stock opened at $14.69 on Thursday. The stock has a market cap of $2.77 billion, a P/E ratio of 9.12 and a beta of 2.03. The stock has a fifty day moving average price of $13.70 and a 200 day moving average price of $13.61. Arbor Realty Trust, Inc. has a one year low of $11.77 and a one year high of $17.74. The company has a debt-to-equity ratio of 3.14, a current ratio of 36.63 and a quick ratio of 36.63.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a $0.43 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.72 dividend on an annualized basis and a yield of 11.71%. Arbor Realty Trust’s payout ratio is 106.83%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ABR. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. 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 report on Wednesday, April 10th. Wedbush restated a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a report on Monday, May 6th. JMP Securities lowered their price target on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. lowered their price target on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.54.

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.