Wellington Management Group LLP Increases Stake in Arbor Realty Trust, Inc. (NYSE:ABR)

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Arbor Realty Trust: Institutional Investors Increase Position in ABR

Wellington Management Group LLP Increases Position in Arbor Realty Trust, Inc. (NYSE:ABR)

Wellington Management Group LLP has recently increased its position in Arbor Realty Trust, Inc. by 8.2% during the 4th quarter, according to the company’s most recent disclosure with the Securities and Exchange Commission. The firm now owns 443,405 shares of the real estate investment trust’s stock, valued at $6,731,000 at the end of the quarter.

Other institutional investors and hedge funds have also made changes to their positions in ABR. Cape Investment Advisory Inc. increased its position by 671.7%, Sound Income Strategies LLC raised its stake by 322.1%, Scarborough Advisors LLC purchased a new stake, Anchor Investment Management LLC bought a new stake, and Halpern Financial Inc. increased its holdings by 601.8%. In total, 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust’s stock was up 0.9% on Friday, opening at $14.35. The company has a market cap of $2.70 billion, a PE ratio of 8.91, and a beta of 1.98. Arbor Realty Trust has a twelve month low of $11.77 and a twelve month high of $17.74.

The company also recently announced a quarterly dividend, with shareholders of record on Friday, May 17th receiving a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 11.99%. Arbor Realty Trust’s payout ratio is currently 106.83%.

Analysts have weighed in on ABR, with two sell ratings, three hold ratings, and two buy ratings. The average rating is “Hold” with an average target price of $14.54.

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the real estate markets in the United States. The company primarily invests in bridge and mezzanine loans, real estate-related joint ventures, and mortgage-related securities.

For more information on Arbor Realty Trust and to stay updated on the latest news and ratings, visit HoldingsChannel.com for the latest 13F filings and insider trades.