Perigon Wealth Management LLC Takes Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Perigon Wealth Management LLC purchased a new position in Arbor Realty Trust, Inc. (NYSE:ABR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,687 shares of the real estate investment trust’s stock, valued at approximately $417,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Arbor Realty Trust by 75.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Arbor Realty Trust during the third quarter valued at $38,000. Glenmede Trust Co. NA raised its holdings in shares of Arbor Realty Trust by 33.1% during 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 during the period. KBC Group NV lifted its position in shares of Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 1,796 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Arbor Realty Trust during the third quarter worth about $102,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green bought 5,269 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $14.17 per share, with a total value of $74,661.73. Following the purchase, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

Arbor Realty Trust Trading Down 0.2 %

Shares of ABR stock opened at $13.40 on Friday. Arbor Realty Trust, Inc. has a 1 year low of $11.92 and a 1 year high of $15.94. The firm has a market capitalization of $2.53 billion, a PE ratio of 9.93 and a beta of 2.04. The stock has a fifty day moving average of $13.89 and a two-hundred day moving average of $14.17. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68.

Wall Street Analyst Weigh In

ABR has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

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.