SeaCrest Wealth Management LLC Has $861,000 Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

SeaCrest Wealth Management LLC lifted its stake in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 10.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 64,973 shares of the real estate investment trust’s stock after buying an additional 5,975 shares during the period. SeaCrest Wealth Management LLC’s holdings in Arbor Realty Trust were worth $861,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ABR. Cape Investment Advisory Inc. grew its holdings in shares of Arbor Realty Trust by 671.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,015 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Arbor Realty Trust during the 4th quarter worth $35,000. Sound Income Strategies LLC grew its holdings in shares of Arbor Realty Trust by 322.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,791 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Arbor Realty Trust during the 4th quarter worth $38,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Arbor Realty Trust during the 4th quarter worth $41,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock opened at $14.69 on Thursday. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $2.77 billion, a PE ratio of 9.12 and a beta of 2.03. Arbor Realty Trust, Inc. has a 12 month low of $11.77 and a 12 month high of $17.74. The stock has a 50-day moving average price of $13.70 and a two-hundred day moving average price of $13.61.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.72 annualized dividend and a yield of 11.71%. Arbor Realty Trust’s dividend payout ratio is presently 106.83%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ABR shares. JMP Securities reduced their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a report on Thursday, June 20th. Wedbush restated a “neutral” rating and set a $13.00 price objective on shares of Arbor Realty Trust in a research report on Monday, May 6th. Keefe, Bruyette & Woods dropped their price objective on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price objective on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research report on Wednesday, April 10th. Finally, TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.54.

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.