Arbor Realty Trust (ABR) Sees Strong Trading Volume
Shares of Arbor Realty Trust (NYSE:ABR) saw an uptick in trading volume on Friday . 128,254 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 83,438 shares.The stock last traded at $7.28 and had previously closed at $7.27.
Separately, Zacks Investment Research raised shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday.
The company has a 50-day moving average price of $7.16 and a 200 day moving average price of $6.81. The company has a market cap of $375.08 million and a PE ratio of 11.77.
Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.16. On average, equities research analysts expect that Arbor Realty Trust will post $0.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be issued a $0.16 dividend. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date is Monday, August 15th.
A hedge fund recently raised its stake in Arbor Realty Trust stock. Russell Frank Co raised its position in Arbor Realty Trust (NYSE:ABR) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,786 shares of the company’s stock after buying an additional 2,724 shares during the period. Russell Frank Co owned 0.29% of Arbor Realty Trust worth $1,071,000 as of its most recent SEC filing.
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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