Hennion & Walsh Asset Management Inc. Sells 2,181 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Hennion & Walsh Asset Management Inc. decreased its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,313 shares of the real estate investment trust’s stock after selling 2,181 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.08% of Arbor Realty Trust worth $1,778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Arbor Realty Trust by 3,695.2% during the first quarter. GAMMA Investing LLC now owns 39,280 shares of the real estate investment trust’s stock valued at $4,620,000 after acquiring an additional 38,245 shares during the last quarter. Palogic Value Management L.P. raised its stake in shares of Arbor Realty Trust by 12.8% during the fourth quarter. Palogic Value Management L.P. now owns 94,298 shares of the real estate investment trust’s stock valued at $1,306,000 after acquiring an additional 10,675 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Arbor Realty Trust during the fourth quarter valued at $1,322,000. Bernard Wealth Management Corp. bought a new position in shares of Arbor Realty Trust during the fourth quarter valued at $36,000. Finally, GTS Securities LLC raised its stake in shares of Arbor Realty Trust by 126.4% during the fourth quarter. GTS Securities LLC now owns 12,827 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 61,427 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Insider Activity at Arbor Realty Trust

In related news, CEO Ivan Kaufman purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was purchased at an average cost of $9.98 per share, with a total value of $99,800.00. Following the completion of the purchase, the chief executive officer now owns 1,789,816 shares in the company, valued at approximately $17,862,363.68. This trade represents a 0.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 210,000 shares of company stock worth $1,942,000 over the last quarter. Company insiders own 3.80% of the company’s stock.

Arbor Realty Trust Price Performance

ABR stock opened at $9.91 on Friday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 8.32 and a beta of 1.50. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. Arbor Realty Trust, Inc. has a 12-month low of $8.43 and a 12-month high of $15.94. The company’s fifty day simple moving average is $10.56 and its 200 day simple moving average is $12.42.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 12.12%. Arbor Realty Trust’s payout ratio is 115.38%.

Wall Street Analysts Forecast Growth

ABR has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Keefe, Bruyette & Woods dropped their price target on shares of Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating for the company in a research note on Tuesday, May 6th. Finally, Raymond James downgraded shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.20.

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.