Insider Buying: Arbor Realty Trust (NYSE:ABR) CEO Buys $227,500.00 in Stock

Arbor Realty Trust (NYSE:ABR) CEO Ivan Kaufman purchased 25,000 shares of Arbor Realty Trust stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $9.10 per share, with a total value of $227,500.00. Following the transaction, the chief executive officer directly owned 25,000 shares in the company, valued at approximately $227,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ivan Kaufman also recently made the following trade(s):

• On Monday, November 17th, Ivan Kaufman acquired 29,000 shares of Arbor Realty Trust stock. The stock was acquired at an average cost of $8.34 per share, for a total transaction of $241,860.00.

Arbor Realty Trust Stock Performance

Shares of NYSE ABR opened at $8.72 on Thursday. Arbor Realty Trust has a 12-month low of $8.18 and a 12-month high of $15.05. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 9.59 and a beta of 1.38. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average of $11.12 and a 200 day moving average of $11.02.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.07. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The business had revenue of $162.49 million for the quarter, compared to the consensus estimate of $72.26 million. On average, research analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 13.8%. Arbor Realty Trust’s payout ratio is 150.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler set a $10.00 price target on Arbor Realty Trust and gave the stock an “underweight” rating in a research report on Monday, November 3rd. JMP Securities reduced their target price on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a report on Tuesday, August 19th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods dropped their price objective on Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $11.00.

Institutional Trading of Arbor Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABR. Penserra Capital Management LLC lifted its stake in shares of Arbor Realty Trust by 37.8% during the 2nd quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 35,918 shares during the last quarter. Melia Wealth LLC lifted its position in shares of Arbor Realty Trust by 14.5% during the second quarter. Melia Wealth LLC now owns 889,303 shares of the real estate investment trust’s stock valued at $9,516,000 after buying an additional 112,763 shares during the last quarter. Strs Ohio purchased a new position in shares of Arbor Realty Trust in the 1st quarter worth approximately $404,000. Three Seasons Wealth LLC bought a new position in shares of Arbor Realty Trust during the 2nd quarter worth approximately $391,000. Finally, Concurrent Investment Advisors LLC lifted its position in Arbor Realty Trust by 210.7% during the second quarter. Concurrent Investment Advisors LLC now owns 57,140 shares of the real estate investment trust’s stock valued at $611,000 after acquiring an additional 38,752 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.