Insider Buying: Arbor Realty Trust, Inc. (NYSE:ABR) Insider Purchases 1,775 Shares of Stock

Arbor Realty Trust, Inc. (NYSE:ABR) insider David Erwin Friedman purchased 1,775 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $13.09 per share, with a total value of $23,234.75. Following the transaction, the insider now owns 67,511 shares in the company, valued at approximately $883,718.99. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Arbor Realty Trust Trading Up 2.3 %

ABR stock traded up $0.30 during midday trading on Friday, hitting $13.39. 2,699,653 shares of the company’s stock were exchanged, compared to its average volume of 4,208,258. The stock has a market capitalization of $2.52 billion, a PE ratio of 8.13 and a beta of 2.03. Arbor Realty Trust, Inc. has a 1-year low of $11.77 and a 1-year high of $16.35. The business has a 50-day simple moving average of $13.65 and a two-hundred day simple moving average of $13.39. The company has a current ratio of 37.31, a quick ratio of 37.31 and a debt-to-equity ratio of 2.78.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. The company had revenue of $297.19 million for the quarter, compared to analyst estimates of $300.69 million. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, sell-side analysts predict that Arbor Realty Trust, Inc. will post 1.7 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 30th. Stockholders of record on Friday, August 16th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 12.85%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s payout ratio is presently 106.83%.

Wall Street Analyst Weigh In

ABR has been the subject of a number of research reports. JMP Securities decreased their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a report on Thursday, June 20th. Keefe, Bruyette & Woods lifted their price objective on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reduced their target price on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, July 16th. Finally, Piper Sandler upped their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.40.

Institutional Trading of Arbor Realty Trust

Hedge funds have recently added to or reduced their stakes in the company. Navis Wealth Advisors LLC grew its stake in shares of Arbor Realty Trust by 3.3% during the first quarter. Navis Wealth Advisors LLC now owns 24,369 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 785 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Arbor Realty Trust by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 968 shares in the last quarter. Comerica Bank increased its holdings in shares of Arbor Realty Trust by 1.0% in the 4th quarter. Comerica Bank now owns 96,931 shares of the real estate investment trust’s stock valued at $1,471,000 after acquiring an additional 980 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Arbor Realty Trust by 16.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Arbor Realty Trust by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock valued at $1,360,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

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.