Cascade Investment Group Inc. Reduces Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Cascade Investment Group Inc. cut its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 0.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 214,047 shares of the real estate investment trust’s stock after selling 1,750 shares during the quarter. Arbor Realty Trust accounts for approximately 2.1% of Cascade Investment Group Inc.’s investment portfolio, making the stock its 6th biggest holding. Cascade Investment Group Inc.’s holdings in Arbor Realty Trust were worth $2,965,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Arbor Realty Trust by 52.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock worth $4,535,000 after purchasing an additional 100,055 shares in the last quarter. Pathstone Holdings LLC increased its holdings in Arbor Realty Trust by 42.0% in the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after buying an additional 39,072 shares in the last quarter. Edgestream Partners L.P. bought a new position in Arbor Realty Trust during the 3rd quarter valued at about $1,443,000. Intech Investment Management LLC purchased a new stake in shares of Arbor Realty Trust during the 3rd quarter valued at about $820,000. Finally, Geode Capital Management LLC grew its stake in shares of Arbor Realty Trust by 1.1% in the third quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock worth $66,905,000 after acquiring an additional 45,370 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Arbor Realty Trust Stock Performance

ABR opened at $13.79 on Monday. The company has a 50 day simple moving average of $14.19 and a two-hundred day simple moving average of $14.24. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The firm has a market cap of $2.60 billion, a P/E ratio of 10.22 and a beta of 2.04. Arbor Realty Trust, Inc. has a 1-year low of $11.92 and a 1-year high of $15.94.

Arbor Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

ABR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Finally, JMP Securities increased their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of “Hold” and a consensus target price of $14.17.

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.