Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report) Director William C. Green purchased 5,269 shares of the company's stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now directly owns 178,797 shares of the company's stock, valued at $2,533,553.49. This represents a 3.04 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Arbor Realty Trust Stock Up 2.3 %
Shares of ABR stock opened at $14.33 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 10.61 and a beta of 2.03. Arbor Realty Trust, Inc. has a twelve month low of $11.92 and a twelve month high of $16.35. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The stock's 50 day simple moving average is $14.97 and its 200 day simple moving average is $14.24.
Arbor Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust's dividend payout ratio (DPR) is currently 127.41%.
Hedge Funds Weigh In On Arbor Realty Trust
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP raised its holdings in Arbor Realty Trust by 29.4% in the 3rd quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust's stock valued at $54,637,000 after acquiring an additional 797,453 shares in the last quarter. Certuity LLC bought a new position in Arbor Realty Trust in the second quarter worth $4,305,000. TrueMark Investments LLC acquired a new stake in Arbor Realty Trust during the second quarter worth $2,893,000. Cetera Investment Advisers increased its holdings in Arbor Realty Trust by 358.5% in the 1st quarter. Cetera Investment Advisers now owns 220,559 shares of the real estate investment trust's stock valued at $2,922,000 after buying an additional 172,454 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Arbor Realty Trust in the 3rd quarter valued at $1,823,000. Institutional investors own 57.25% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the company an "underweight" rating in a research report on Thursday, October 17th. JMP Securities upped their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a "market outperform" rating in a research note on Friday, September 27th. Finally, Raymond James increased their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $14.25.
Get Our Latest Stock Report on ABR
Arbor Realty Trust Company Profile
(
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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.
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