William Green Acquires 25,951 Shares of Arbor Realty Trust (NYSE:ABR) Stock

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

Arbor Realty Trust Stock Up 4.5%

Arbor Realty Trust stock opened at $5.17 on Thursday. The stock has a market cap of $965.45 million, a price-to-earnings ratio of 73.93 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 company’s 50-day moving average price is $5.12 and its two-hundred day moving average price is $6.31. Arbor Realty Trust has a 52 week low of $4.73 and a 52 week 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $117.83 million during the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. On average, analysts expect that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 971.43%.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,175 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Arbor Realty Trust by 33.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,276 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Arbor Realty Trust by 3.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 44,752 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 1,400 shares in the last quarter. NFSG Corp raised its holdings in Arbor Realty Trust by 10.0% during the 1st quarter. NFSG Corp now owns 17,025 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,553 shares during the period. Finally, MML Investors Services LLC raised its holdings in Arbor Realty Trust by 2.9% during the 2nd quarter. MML Investors Services LLC now owns 62,115 shares of the real estate investment trust’s stock worth $665,000 after buying an additional 1,749 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citizens Jmp dropped their price objective on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research note on Thursday, May 14th. Piper Sandler decreased their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research note on Monday, August 3rd. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings downgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $5.50 in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Arbor Realty Trust presently has an average rating of “Reduce” and a consensus price target of $6.00.

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.