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Scarborough Advisors LLC invests $38,000 in Arbor Realty Trust, Inc. (NYSE:ABR)


Scarborough Advisors LLC acquired a new stake in Arbor Realty Trust, Inc. in the fourth quarter. (NYSE:ABR – Free Report), according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,512 shares of the real estate investment trust, worth approximately $38,000.

A number of other major investors have also recently increased or reduced their stakes in ABR. Avior Wealth Management LLC increased its position in Arbor Realty Trust by 9.3% in the fourth quarter. Avior Wealth Management LLC now owns 8,939 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 761 shares during the period. Alpha Cubed Investments LLC increased its position in shares of Arbor Realty Trust by 6.7% during the 4th quarter. Alpha Cubed Investments LLC now owns 13,184 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 825 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Arbor Realty Trust by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 93,220 shares of the real estate investment trust valued at $1,415,000 after purchasing an additional 845 shares during the period. Janney Montgomery Scott LLC increased its position in Arbor Realty Trust by 4.4% in the third quarter. Janney Montgomery Scott LLC now owns 21,133 shares of the real estate investment trust valued at $321,000 after purchasing an additional 882 shares in the last quarter. Finally, Comerica Bank grew its stake in Arbor Realty Trust by 1.0% in the fourth quarter. Comerica Bank now owns 96,931 shares of the real estate investment trust’s stock worth $1,471,000 after purchasing an additional 980 shares during the period. 57.25% of the shares are currently held by institutional investors and hedge funds.

Insider transactions at Arbor Realty Trust

In other news, Director William C. Green purchased 10,209 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, March 18. The shares were purchased at an average price of $12.93 per share, for a total value of $132,002.37. Following the completion of the acquisition, the director now directly owns 162,809 shares in the company, valued at $2,105,120.37. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Corporate insiders own 3.70% of the company’s shares.

Arbor Realty Trust shares fell 1.0%

Shares of NYSE ABR opened at $13.69 on Friday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 8.50 and a beta of 1.98. The company’s fifty day simple moving average is $13.27 and its 200 day simple moving average is $13.57. Arbor Realty Trust, Inc. has a 12-month low of $11.77 and a 12-month high of $17.74. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14.

Dividend announcement from Arbor Realty Trust

The company also recently announced a quarterly dividend, which was paid on Friday, May 31. Shareholders of record on Friday, May 17 received a dividend of $0.43. This represents a dividend of $1.72 annually and a dividend yield of 12.56%. The ex-dividend date was Thursday, May 16. Arbor Realty Trust’s payout ratio currently stands at 106.83%.

Changes in analyst ratings

A number of research firms have recently released reports on ABR. Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research note on Wednesday, April 10. Wedbush reiterated a “neutral” rating and set a $13.00 price target on shares of Arbor Realty Trust in a research note on Monday, May 6. TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18. Finally, JPMorgan Chase & Co. raised their price target for Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, April 10. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.71.

Read our latest stock analysis on ABR

About Arbor Realty Trust

(Free report)

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 the Structured Business and Agency Business segments. It invests primarily in bridge and mezzanine loans, including junior participations in first mortgages, and preferred and direct shares, as well as real estate-related joint ventures, real estate-related notes and various mortgage-related securities.

Also see

Quarterly Institutional Ownership for Arbor Realty Trust (NYSE:ABR)



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