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 company’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the completion of the transaction, the director directly owned 231,369 shares of the company’s stock, valued at $1,173,040.83. This trade represents a 12.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Arbor Realty Trust Stock Up 1.0%

Shares of Arbor Realty Trust stock opened at $5.21 on Friday. Arbor Realty Trust has a 1 year low of $4.73 and a 1 year high of $12.57. The company has a market cap of $971.98 million, a P/E ratio of 74.43 and a beta of 1.15. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. The stock has a 50-day moving average price of $5.12 and a 200 day moving average price of $6.30.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $117.83 million for the quarter, compared to analysts’ expectations of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. As a group, analysts expect that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 13.1%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio is currently 971.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ABR shares. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday. Piper Sandler cut their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a report on Monday, August 3rd. Citizens Jmp reduced their price objective on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research report on Thursday, May 14th. Weiss Ratings downgraded Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods dropped their target price on 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. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $6.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Arbor Realty Trust in the second quarter worth $143,448,000. Balyasny Asset Management L.P. raised its holdings in Arbor Realty Trust by 296.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock valued at $29,765,000 after buying an additional 2,869,132 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Arbor Realty Trust in the second quarter worth about $7,702,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Arbor Realty Trust during the 4th quarter worth about $10,219,000. Finally, California State Teachers Retirement System boosted its stake in shares of Arbor Realty Trust by 334.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,084,385 shares of the real estate investment trust’s stock worth $5,877,000 after acquiring an additional 834,529 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

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.