Wellington Management Group LLP Sells 7,394 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Wellington Management Group LLP cut its stake in Arbor Realty Trust, Inc. (NYSE:ABR) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 393,050 shares of the real estate investment trust’s stock after selling 7,394 shares during the quarter. Wellington Management Group LLP owned 0.21% of Arbor Realty Trust worth $6,116,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ABR. GAMMA Investing LLC increased its stake in Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Arbor Realty Trust in the 3rd quarter valued at $38,000. Glenmede Trust Co. NA grew its stake in Arbor Realty Trust by 33.1% in the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 701 shares during the period. KBC Group NV raised its position in shares of Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in shares of Arbor Realty Trust in the 3rd quarter valued at approximately $102,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William C. Green acquired 5,269 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $14.17 per share, with a total value of $74,661.73. Following the transaction, the director now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on ABR shares. JMP Securities raised their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Raymond James boosted their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. increased 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and an average target price of $14.25.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $14.41 on Tuesday. 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 business has a 50-day moving average of $14.87 and a 200-day moving average of $14.29. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 10.67 and a beta of 2.03. Arbor Realty Trust, Inc. has a fifty-two week low of $11.92 and a fifty-two week high of $16.35.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a yield of 11.94%. Arbor Realty Trust’s dividend payout ratio is 127.41%.

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.