Burney Co. Sells 1,630 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Burney Co. decreased its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,943 shares of the real estate investment trust’s stock after selling 1,630 shares during the quarter. Burney Co.’s holdings in Arbor Realty Trust were worth $345,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Arbor Realty Trust in the third quarter worth approximately $38,000. Glenmede Trust Co. NA grew its stake in Arbor Realty Trust by 33.1% in the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 701 shares in the last quarter. KBC Group NV grew its stake in Arbor Realty Trust by 39.1% in the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Arbor Realty Trust in the third quarter worth approximately $102,000. Institutional investors own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ABR. JPMorgan Chase & Co. increased their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research report on Thursday, October 17th. JMP Securities increased their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research report on Friday, September 27th. Finally, Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.17.

Arbor Realty Trust Price Performance

Shares of ABR opened at $13.79 on Friday. The business’s 50-day moving average is $14.19 and its two-hundred day moving average is $14.24. The company has a market capitalization of $2.60 billion, a P/E ratio of 10.22 and a beta of 2.04. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. Arbor Realty Trust, Inc. has a fifty-two week low of $11.92 and a fifty-two week high of $15.94.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 12.47%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is currently 127.41%.

Insiders Place Their Bets

In related news, Director William C. Green purchased 5,269 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, with a total value of $74,661.73. Following the transaction, the director now owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

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.