Arbor Realty Trust (NYSE:ABR) Sets New 12-Month Low at $11.08

Shares of Arbor Realty Trust, Inc. (NYSE:ABRGet Rating) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.08 and last traded at $11.34, with a volume of 2248995 shares trading hands. The stock had previously closed at $12.12.

Analyst Ratings Changes

Several equities analysts recently issued reports on ABR shares. StockNews.com started coverage on Arbor Realty Trust in a research report on Thursday. They issued a “hold” rating on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $17.50 price objective on shares of Arbor Realty Trust in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Arbor Realty Trust from $14.50 to $15.50 and gave the company a “market perform” rating in a research note on Tuesday, February 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Arbor Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.60.

Arbor Realty Trust Price Performance

The company has a current ratio of 46.60, a quick ratio of 46.60 and a debt-to-equity ratio of 3.85. The stock has a market capitalization of $2.07 billion, a PE ratio of 6.95 and a beta of 1.97. The firm has a 50 day moving average price of $14.54 and a 200 day moving average price of $14.01.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Monday, March 13th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 13.91%. Arbor Realty Trust’s dividend payout ratio (DPR) is 96.39%.

Insider Transactions at Arbor Realty Trust

In related news, CEO Ivan Kaufman acquired 10,000 shares of Arbor Realty Trust stock in a transaction dated Monday, March 13th. The stock was purchased at an average cost of $12.43 per share, for a total transaction of $124,300.00. Following the purchase, the chief executive officer now directly owns 1,168,277 shares of the company’s stock, valued at approximately $14,521,683.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Ivan Kaufman bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was bought at an average price of $12.43 per share, with a total value of $124,300.00. Following the acquisition, the chief executive officer now owns 1,168,277 shares of the company’s stock, valued at approximately $14,521,683.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William C. Green bought 4,200 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $12.94 per share, with a total value of $54,348.00. Following the acquisition, the director now directly owns 138,905 shares in the company, valued at approximately $1,797,430.70. The disclosure for this purchase can be found here. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Panoramic Investment Advisors LLC bought a new position in Arbor Realty Trust in the 4th quarter worth $253,000. Cascade Investment Group Inc. bought a new position in Arbor Realty Trust in the 4th quarter worth $1,839,000. Alliancebernstein L.P. boosted its holdings in shares of Arbor Realty Trust by 26.3% during the 4th quarter. Alliancebernstein L.P. now owns 180,400 shares of the real estate investment trust’s stock valued at $2,379,000 after purchasing an additional 37,600 shares during the last quarter. Point72 Middle East FZE bought a new position in shares of Arbor Realty Trust during the 4th quarter valued at about $190,000. Finally, State of Wyoming bought a new position in shares of Arbor Realty Trust during the 4th quarter valued at about $27,000. Institutional investors own 40.52% of the company’s stock.

Arbor Realty Trust Company Profile

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Arbor Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of loan origination and servicing for multifamily, seniors housing, healthcare, and diverse commercial real estate assets. It operates through the Structured Business and Agency Business segments. The Structured Business segment offers structured loan origination and investment services.

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