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

Key Points

  • Director William Green purchased 25,951 Arbor Realty Trust shares at an average price of $5.07, investing approximately $131,572 and increasing his ownership by 12.63%.
  • Arbor Realty Trust reported quarterly EPS of $0.10, exceeding the $0.05 analyst consensus, while revenue of $117.83 million also topped estimates. The company paid a $0.17 quarterly dividend, equivalent to a 13.7% yield.
  • Shares opened at $4.95 and remain near their 52-week low; analyst sentiment is cautious, with an average “Reduce” rating and a consensus price target of $6.00.

Arbor Realty Trust (NYSE:ABR - Get Free Report) Director William Green bought 25,951 shares of Arbor Realty Trust stock in a transaction dated Monday, August 31st. The stock was purchased at an average price of $5.07 per share, with a total value of $131,571.57. Following the purchase, the director owned 231,369 shares in the company, valued at approximately $1,173,040.83. This represents a 12.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Arbor Realty Trust Trading Down 1.2%

NYSE:ABR opened at $4.95 on Wednesday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The firm has a market cap of $923.47 million, a price-to-earnings ratio of 70.71 and a beta of 1.15. The firm has a 50-day moving average price of $5.12 and a two-hundred day moving average price of $6.33. Arbor Realty Trust has a 52 week low of $4.73 and a 52 week high of $12.57.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%.The business had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. On average, equities analysts expect that Arbor Realty Trust will post 0.29 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend




The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 13.7%. Arbor Realty Trust's dividend payout ratio (DPR) is presently 971.43%.

Analyst Ratings Changes

Several research firms have recently issued reports on ABR. Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating on the stock in a research report on Monday, August 3rd. Citizens Jmp cut their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating for the company in a report on Thursday, May 14th. Piper Sandler reduced their price target on Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating for the company in a research report on Monday, August 3rd. Zacks Research lowered shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. upgraded Arbor Realty Trust from an "underweight" rating to a "neutral" rating and decreased their target price for the stock from $7.00 to $5.50 in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of "Reduce" and a consensus price target of $6.00.

Get Our Latest Report on ABR

Hedge Funds Weigh In On Arbor Realty Trust

A number of large investors have recently bought and sold shares of the stock. Bessemer Group Inc. bought a new stake in Arbor Realty Trust in the first quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its holdings in Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 1,175 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Arbor Realty Trust during the fourth quarter worth about $42,000. Quantbot Technologies LP purchased a new stake in Arbor Realty Trust in the 2nd quarter worth approximately $46,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Arbor Realty Trust in the 2nd quarter worth about $49,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

About Arbor Realty Trust

(Get Free Report)

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.

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