State of New Jersey Common Pension Fund D Cuts Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,316 shares of the real estate investment trust’s stock after selling 4,507 shares during the period. State of New Jersey Common Pension Fund D owned 0.08% of Arbor Realty Trust worth $1,971,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in shares of Arbor Realty Trust during the 4th quarter worth about $1,144,000. Nisa Investment Advisors LLC grew its stake in shares of Arbor Realty Trust by 29.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 23,987 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 worth $4,535,000 after buying an additional 100,055 shares during the last quarter. Pathstone Holdings LLC lifted its position in Arbor Realty Trust by 42.0% during the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after buying an additional 39,072 shares in the last quarter. Finally, EMC Capital Management grew its stake in shares of Arbor Realty Trust by 23,453.8% during the 4th quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 18,763 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $12.00 on Monday. The firm has a market cap of $2.26 billion, a PE ratio of 8.89 and a beta of 2.03. Arbor Realty Trust, Inc. has a 1 year low of $11.87 and a 1 year high of $15.94. The firm’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $14.21. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a net margin of 23.99% and a return on equity of 14.94%. The firm had revenue of $262.87 million during the quarter, compared to analysts’ expectations of $88.92 million. Equities analysts forecast that Arbor Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green acquired 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the acquisition, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ABR. JPMorgan Chase & Co. cut their target price on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price target on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Arbor Realty Trust has an average rating of “Hold” and an average price target of $14.00.

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.