Westside Investment Management Inc. Purchases New Shares in Arbor Realty Trust, Inc. (NYSE:ABR)

Westside Investment Management Inc. bought a new stake in Arbor Realty Trust, Inc. (NYSE:ABR) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,100 shares of the real estate investment trust’s stock, valued at approximately $27,000.

Several other institutional investors have also modified their holdings of ABR. Norges Bank acquired a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $18,775,000. Azora Capital LP acquired a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $14,932,000. Vanguard Group Inc. grew its position 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 during the period. Wasatch Advisors LP increased its position in shares of Arbor Realty Trust by 31.9% during the fourth quarter. Wasatch Advisors LP now owns 3,004,789 shares of the real estate investment trust’s stock valued at $45,613,000 after acquiring an additional 726,685 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Arbor Realty Trust during the third quarter valued at about $6,220,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 1.0 %

Shares of ABR stock opened at $14.70 on Friday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.63 and a current ratio of 36.63. The stock has a market capitalization of $2.77 billion, a P/E ratio of 9.13 and a beta of 2.03. The company has a 50 day moving average price of $13.74 and a 200 day moving average price of $13.61. Arbor Realty Trust, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $17.74.

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 11.70%. The ex-dividend date of this dividend was Thursday, May 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wedbush reiterated a “neutral” rating and set a $13.00 price target on shares of Arbor Realty Trust in a research report on Monday, May 6th. TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. dropped 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 report on Wednesday, April 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Finally, JMP Securities dropped their price objective on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a report on Thursday, June 20th. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.54.

Arbor Realty Trust 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.