Van ECK Associates Corp Has $11.91 Million Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Van ECK Associates Corp grew its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 898,514 shares of the real estate investment trust’s stock after acquiring an additional 73,057 shares during the period. Van ECK Associates Corp owned 0.47% of Arbor Realty Trust worth $11,905,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Avior Wealth Management LLC lifted its position in Arbor Realty Trust by 9.3% during the fourth quarter. Avior Wealth Management LLC now owns 8,939 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 761 shares during the last quarter. Navis Wealth Advisors LLC raised its position in shares of Arbor Realty Trust by 3.3% in the first quarter. Navis Wealth Advisors LLC now owns 24,369 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 785 shares in the last quarter. Alpha Cubed Investments LLC raised its position in shares of Arbor Realty Trust by 6.7% in the fourth quarter. Alpha Cubed Investments LLC now owns 13,184 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 825 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Arbor Realty Trust by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 93,220 shares of the real estate investment trust’s stock valued at $1,415,000 after buying an additional 845 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Arbor Realty Trust by 1.0% in the fourth quarter. Comerica Bank now owns 96,931 shares of the real estate investment trust’s stock valued at $1,471,000 after buying an additional 980 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ABR shares. Keefe, Bruyette & Woods dropped their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. JMP Securities decreased their price objective on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Thursday, June 20th. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 10th. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. 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 investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust currently has an average rating of “Hold” and an average target price of $14.54.

Arbor Realty Trust Trading Up 0.4 %

Shares of NYSE:ABR traded up $0.06 during mid-day trading on Friday, reaching $14.76. 1,965,794 shares of the company’s stock were exchanged, compared to its average volume of 4,210,698. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 9.13 and a beta of 2.03. The business’s fifty day moving average price is $13.74 and its 200-day moving average price is $13.61. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.63 and a current ratio of 36.63. 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 company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.72 annualized dividend and a yield of 11.65%. Arbor Realty Trust’s payout ratio is 106.83%.

About Arbor Realty Trust

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.