Wasatch Advisors LP Acquires 485,422 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Wasatch Advisors LP grew its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 16.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,490,211 shares of the real estate investment trust’s stock after acquiring an additional 485,422 shares during the period. Wasatch Advisors LP’s holdings in Arbor Realty Trust were worth $46,245,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its position in shares of Arbor Realty Trust by 9.3% during the 4th quarter. Avior Wealth Management LLC now owns 8,939 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 761 shares during the period. Alpha Cubed Investments LLC raised its position in shares of Arbor Realty Trust by 6.7% during the 4th quarter. Alpha Cubed Investments LLC now owns 13,184 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 825 shares during the period. Yousif Capital Management LLC raised its position in shares of Arbor Realty Trust by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 93,220 shares of the real estate investment trust’s stock valued at $1,415,000 after purchasing an additional 845 shares during the period. Comerica Bank raised its position in shares of Arbor Realty Trust by 1.0% during the 4th quarter. Comerica Bank now owns 96,931 shares of the real estate investment trust’s stock valued at $1,471,000 after purchasing an additional 980 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Arbor Realty Trust by 3.4% during the fourth quarter. Handelsbanken Fonder AB now owns 30,800 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 1,000 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ABR shares. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. dropped their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, April 10th. 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 research note on Thursday, June 20th. 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 research note on Wednesday, April 10th. Finally, Wedbush reissued a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $14.54.

Arbor Realty Trust Price Performance

ABR stock opened at $14.55 on Wednesday. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 month high of $17.74. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. The company has a 50-day moving average price of $13.66 and a 200 day moving average price of $13.60. The stock has a market cap of $2.74 billion, a PE ratio of 9.04 and a beta of 2.03.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, May 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.82%. Arbor Realty Trust’s dividend payout ratio is presently 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.