KLP Kapitalforvaltning AS Sells 18,400 Shares of Arbor Realty Trust (NYSE:ABR)

KLP Kapitalforvaltning AS trimmed its position in shares of Arbor Realty Trust (NYSE:ABR) by 24.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,568 shares of the real estate investment trust’s stock after selling 18,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in Arbor Realty Trust were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of ABR. Wasatch Advisors LP boosted its stake in Arbor Realty Trust by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust’s stock worth $49,128,000 after buying an additional 35,777 shares during the period. Northern Trust Corp grew its position in shares of Arbor Realty Trust by 10.0% during the 4th quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust’s stock worth $33,690,000 after buying an additional 220,471 shares in the last quarter. Invesco Ltd. increased its position in Arbor Realty Trust by 90.2% during the 4th quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust’s stock valued at $23,369,000 after purchasing an additional 799,973 shares during the period. Raymond James Financial Inc. purchased a new position in Arbor Realty Trust during the fourth quarter valued at approximately $15,967,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Arbor Realty Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust’s stock valued at $11,032,000 after acquiring an additional 24,428 shares during the period. Institutional investors own 57.25% of the company’s stock.

Insider Activity

In related news, CEO Ivan Kaufman acquired 140,000 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were acquired at an average cost of $9.43 per share, with a total value of $1,320,200.00. Following the completion of the acquisition, the chief executive officer directly owned 1,929,816 shares in the company, valued at approximately $18,198,164.88. This trade represents a 7.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders purchased 210,000 shares of company stock worth $1,942,000. Company insiders own 3.80% of the company’s stock.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $11.77 on Wednesday. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.94. The company has a debt-to-equity ratio of 1.92, a current ratio of 36.48 and a quick ratio of 36.48. The company has a 50 day moving average price of $10.60 and a 200-day moving average price of $11.57. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 11.31 and a beta of 1.37.

Arbor Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.20%. Arbor Realty Trust’s payout ratio is 115.38%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.20.

Arbor Realty Trust Company 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.