Arbor Realty Trust (NYSE:ABR) Director Purchases $131,571.57 in Stock

Arbor Realty Trust (NYSE:ABR) Director William Green purchased 25,951 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the acquisition, the director directly owned 231,369 shares in the company, valued at $1,173,040.83. This trade represents a 12.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Arbor Realty Trust Stock Performance

NYSE:ABR traded down $0.06 during trading hours on Tuesday, reaching $4.95. The stock had a trading volume of 3,423,129 shares, compared to its average volume of 4,069,561. The stock has a market cap of $923.47 million, a P/E ratio of 70.71 and a beta of 1.15. The stock has a 50 day simple moving average of $5.12 and a 200 day simple moving average of $6.35. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. Arbor Realty Trust has a 12-month low of $4.73 and a 12-month high of $12.57.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%.The firm had revenue of $117.83 million for the quarter, compared to analysts’ expectations of $107.75 million. On average, research analysts forecast that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 13.7%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 971.43%.

Institutional Trading of Arbor Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,175 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Arbor Realty Trust in the 4th quarter worth approximately $42,000. Quantbot Technologies LP purchased a new stake in Arbor Realty Trust in the second quarter worth approximately $46,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Arbor Realty Trust in the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ABR shares. Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a research report on Monday, August 3rd. Citizens Jmp lowered their target price on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a report on Thursday, May 14th. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $7.00 to $5.50 in a research report on Friday, July 17th. Zacks Research cut Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Finally, Weiss Ratings lowered Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $6.00.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.