SteelPeak Wealth LLC Sells 1,000 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

SteelPeak Wealth LLC reduced its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 4.6% during the 4th quarter, HoldingsChannel reports. The firm owned 20,870 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. SteelPeak Wealth LLC’s holdings in Arbor Realty Trust were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ABR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Arbor Realty Trust by 52.3% in the third 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 valued at $4,535,000 after acquiring an additional 100,055 shares during the period. Pathstone Holdings LLC grew its holdings in shares of 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 purchasing an additional 39,072 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Arbor Realty Trust during the 3rd quarter worth about $1,443,000. Nisa Investment Advisors LLC lifted its holdings in Arbor Realty Trust by 29.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock valued at $1,459,000 after purchasing an additional 23,987 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Arbor Realty Trust in the third quarter valued at about $820,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the business’s 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 transaction, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ABR shares. JPMorgan Chase & Co. cut 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 note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their price objective on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.00.

Arbor Realty Trust Stock Up 0.5 %

NYSE:ABR opened at $13.45 on Friday. The stock’s fifty day moving average price is $13.92 and its two-hundred day moving average price is $14.17. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 9.96 and a beta of 2.04. Arbor Realty Trust, Inc. has a 52-week low of $11.92 and a 52-week high of $15.94. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68.

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.