Astoria Portfolio Advisors LLC. Has $666,000 Stock Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Astoria Portfolio Advisors LLC. increased its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,658 shares of the real estate investment trust’s stock after buying an additional 5,371 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Arbor Realty Trust were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ABR. ICA Group Wealth Management LLC acquired a new stake in Arbor Realty Trust in the fourth quarter valued at $35,000. Cape Investment Advisory Inc. raised its holdings in shares of Arbor Realty Trust by 671.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,015 shares during the period. Sound Income Strategies LLC lifted its stake in Arbor Realty Trust by 322.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,791 shares during the last quarter. Scarborough Advisors LLC bought a new position in Arbor Realty Trust during the fourth quarter worth about $38,000. Finally, Anchor Investment Management LLC acquired a new position in Arbor Realty Trust during the fourth quarter worth approximately $41,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ABR. Wedbush reiterated a “neutral” rating and set a $13.00 target price on shares of Arbor Realty Trust in a research note on Monday, May 6th. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Keefe, Bruyette & Woods cut their target price on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 10th. Finally, JMP Securities reduced their price objective on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a report on Thursday, June 20th. Two equities 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.54.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $14.35 on Friday. The firm’s 50-day simple moving average is $13.61 and its 200 day simple moving average is $13.63. Arbor Realty Trust, Inc. has a 52 week low of $11.77 and a 52 week high of $17.74. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 8.91 and a beta of 1.98. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.63 and a current ratio of 36.63.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 11.99%. The ex-dividend date was Thursday, May 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 106.83%.

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.