Cascade Investment Group Inc. Lowers Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

Cascade Investment Group Inc. decreased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 214,047 shares of the real estate investment trust’s stock after selling 1,750 shares during the quarter. Arbor Realty Trust makes up 2.1% of Cascade Investment Group Inc.’s investment portfolio, making the stock its 6th largest position. Cascade Investment Group Inc. owned approximately 0.11% of Arbor Realty Trust worth $2,965,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in Arbor Realty Trust by 8.6% in the 2nd quarter. Victory Capital Management Inc. now owns 39,292 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 3,119 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Arbor Realty Trust by 32.6% in the second quarter. Federated Hermes Inc. now owns 47,590 shares of the real estate investment trust’s stock worth $683,000 after acquiring an additional 11,711 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Arbor Realty Trust by 230.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,381 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 23,290 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at $147,000. Finally, Sei Investments Co. purchased a new stake in Arbor Realty Trust during the 2nd quarter worth about $169,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a report on Thursday, October 17th. JMP Securities raised their price target on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Finally, Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.17.

Arbor Realty Trust Stock Up 1.4 %

Shares of NYSE ABR opened at $13.79 on Monday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 10.22 and a beta of 2.04. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. Arbor Realty Trust, Inc. has a one year low of $11.92 and a one year high of $15.94. The firm’s 50 day simple moving average is $14.19 and its two-hundred day simple moving average is $14.24.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.47%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 127.41%.

Insider Activity

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

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.