Arbor Realty Trust (NYSE:ABR) Sees Large Volume Increase After Dividend Announcement

Arbor Realty Trust, Inc. (NYSE:ABR) saw an uptick in trading volume on Monday after the company announced a dividend. 3,706,138 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 2,983,141 shares.The stock last traded at $12.01 and had previously closed at $12.00.

The newly announced dividend which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.06%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust’s payout ratio is 144.54%.

Analysts Set New Price Targets

ABR has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.75.

Arbor Realty Trust Price Performance

The company has a fifty day simple moving average of $13.55 and a 200 day simple moving average of $14.19. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 10.28 and a beta of 2.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The company had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Equities research analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arbor Realty Trust news, Director William C. Green acquired 5,269 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $14.17 per share, with a total value of $74,661.73. Following the transaction, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in ABR. Raymond James Trust N.A. lifted its position in shares of Arbor Realty Trust by 3.0% during the 3rd quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust’s stock valued at $370,000 after acquiring an additional 698 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 701 shares during the period. CIBC Asset Management Inc boosted its position in shares of Arbor Realty Trust by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 774 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Arbor Realty Trust by 5.0% in the 4th quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 797 shares during the period. Finally, Principal Securities Inc. increased its position in Arbor Realty Trust by 10.0% in the 4th quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 825 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

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.