18,566 Shares in Arbor Realty Trust, Inc. (NYSE:ABR) Bought by Hartline Investment Corp

Hartline Investment Corp acquired a new position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,566 shares of the real estate investment trust’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in Arbor Realty Trust during the first quarter worth $27,000. Cape Investment Advisory Inc. raised its holdings in Arbor Realty Trust by 671.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,015 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in Arbor Realty Trust during the fourth quarter worth $35,000. Sound Income Strategies LLC raised its holdings in Arbor Realty Trust by 322.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,791 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new position in Arbor Realty Trust during the fourth quarter worth $38,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Up 0.2 %

Shares of NYSE ABR traded up $0.03 on Friday, hitting $14.73. The company had a trading volume of 2,824,328 shares, compared to its average volume of 4,218,240. Arbor Realty Trust, Inc. has a 12-month low of $11.77 and a 12-month high of $17.74. The business has a 50 day moving average of $13.74 and a two-hundred day moving average of $13.61. The company has a quick ratio of 36.63, a current ratio of 36.63 and a debt-to-equity ratio of 3.14. The firm has a market capitalization of $2.78 billion, a P/E ratio of 9.13 and a beta of 2.03.

Arbor Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 11.68%. The ex-dividend date was Thursday, May 16th. Arbor Realty Trust’s payout ratio is 106.83%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ABR. Keefe, Bruyette & Woods reduced their price objective on 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. JMP Securities cut their price target on 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. TheStreet raised Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. lowered their price target 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.54.

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.