Astoria Portfolio Advisors LLC. Grows Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Astoria Portfolio Advisors LLC. raised its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,658 shares of the real estate investment trust’s stock after acquiring an additional 5,371 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Arbor Realty Trust were worth $666,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in Arbor Realty Trust in the 4th quarter worth approximately $35,000. Cape Investment Advisory Inc. grew its holdings in Arbor Realty Trust by 671.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,015 shares in the last quarter. Sound Income Strategies LLC increased its stake in Arbor Realty Trust by 322.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,791 shares during the period. Scarborough Advisors LLC acquired a new position in Arbor Realty Trust in the 4th quarter worth $38,000. Finally, Anchor Investment Management LLC acquired a new position in Arbor Realty Trust in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Up 0.9 %

Shares of ABR stock opened at $14.35 on Friday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 8.91 and a beta of 1.98. 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’s 50 day simple moving average is $13.61 and its 200 day simple moving average is $13.63. Arbor Realty Trust, Inc. has a twelve month low of $11.77 and a twelve month high of $17.74.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.72 annualized dividend and a dividend yield of 11.99%. Arbor Realty Trust’s dividend payout ratio is 106.83%.

Analyst Ratings Changes

A number of research analysts have commented on ABR shares. JMP Securities decreased their price target 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. Keefe, Bruyette & Woods dropped their price target on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price objective on 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. Wedbush reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Arbor Realty Trust in a research report on Monday, May 6th. Finally, TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. 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. 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.