Kovack Advisors Inc. Reduces Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Kovack Advisors Inc. cut its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 20.8% in the fourth quarter, HoldingsChannel reports. The firm owned 23,957 shares of the real estate investment trust’s stock after selling 6,284 shares during the period. Kovack Advisors Inc.’s holdings in Arbor Realty Trust were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABR. Harbor Capital Advisors Inc. acquired a new position in Arbor Realty Trust during the third quarter valued at $38,000. Glenmede Trust Co. NA lifted its position in 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 valued at $44,000 after purchasing an additional 701 shares during the period. IFP Advisors Inc lifted its position in Arbor Realty Trust by 82.3% during the fourth quarter. IFP Advisors Inc now owns 4,431 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 2,000 shares during the period. KBC Group NV lifted its position in Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 1,796 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in Arbor Realty Trust during the third quarter valued at $102,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction that occurred 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 transaction, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

Arbor Realty Trust Trading Up 2.2 %

Shares of Arbor Realty Trust stock opened at $12.38 on Friday. The firm has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $14.15. The company has a market cap of $2.35 billion, a P/E ratio of 10.40 and a beta of 2.03. Arbor Realty Trust, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. As a group, equities analysts predict that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, March 7th. This represents a $1.72 annualized dividend and a dividend yield of 13.90%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 144.54%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ABR shares. JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. Finally, Raymond James downgraded shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.75.

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.