Newbridge Financial Services Group Inc. Sells 5,614 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Newbridge Financial Services Group Inc. cut its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 24.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,230 shares of the real estate investment trust’s stock after selling 5,614 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Arbor Realty Trust were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Arbor Realty Trust by 0.5% in the third quarter. State Street Corp now owns 7,207,950 shares of the real estate investment trust’s stock valued at $112,156,000 after acquiring an additional 32,788 shares in the last quarter. Geode Capital Management LLC increased its position in Arbor Realty Trust by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock valued at $66,905,000 after purchasing an additional 45,370 shares during the period. Wasatch Advisors LP raised its holdings in shares of Arbor Realty Trust by 29.4% in the 3rd quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust’s stock valued at $54,637,000 after purchasing an additional 797,453 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Arbor Realty Trust by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,403,796 shares of the real estate investment trust’s stock worth $37,403,000 after purchasing an additional 97,454 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Arbor Realty Trust by 2.7% during the third quarter. Van ECK Associates Corp now owns 1,016,860 shares of the real estate investment trust’s stock valued at $15,538,000 after purchasing an additional 26,376 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective on 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $13.75 on Monday. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. The company has a market cap of $2.59 billion, a PE ratio of 10.18 and a beta of 2.03. Arbor Realty Trust, Inc. has a 12-month low of $11.92 and a 12-month high of $15.94. The business’s fifty day simple moving average is $13.79 and its 200-day simple moving average is $14.20.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the acquisition, the director now owns 178,797 shares in the company, valued at $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by corporate insiders.

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.