Arbor Realty Trust (NYSE:ABR – Get Free Report) shares saw unusually-strong trading volume on Friday. Approximately 4,815,050 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 4,269,843 shares. The stock last traded at $2.9740 and had previously closed at $3.09.
Analyst Ratings Changes
Several research analysts have weighed in on ABR shares. Citizens Jmp reaffirmed a “market perform” rating on shares of Arbor Realty Trust in a research note on Tuesday, September 29th. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a research note on Monday, August 3rd. Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Piper Sandler restated an “underweight” rating and set a $3.50 price objective on shares of Arbor Realty Trust in a report on Friday. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust currently has an average rating of “Reduce” and a consensus price target of $5.62.
Read Our Latest Stock Analysis on Arbor Realty Trust
Arbor Realty Trust Stock Down 5.7%
Arbor Realty Trust (NYSE:ABR – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $107.75 million. As a group, analysts forecast that Arbor Realty Trust will post 0.23 EPS for the current year.
Arbor Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given 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 23.3%. Arbor Realty Trust’s payout ratio is presently 971.43%.
Insiders Place Their Bets
In other news, Director William Green acquired 25,951 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of $5.07 per share, for a total transaction of $131,571.57. Following the completion of the acquisition, the director owned 231,369 shares in the company, valued at $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.20% of the company’s stock.
Institutional Trading of Arbor Realty Trust
Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Arbor Realty Trust by 285.1% during the 3rd quarter. GAMMA Investing LLC now owns 27,468 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 20,336 shares during the last quarter. Amundi lifted its position in Arbor Realty Trust by 225.7% during the second quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 22,748 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Arbor Realty Trust during the second quarter worth approximately $60,000. Two Sigma Securities LLC acquired a new position in shares of Arbor Realty Trust in the second quarter valued at approximately $138,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Arbor Realty Trust during the second quarter worth approximately $280,000. 57.25% of the stock is owned by institutional investors and hedge funds.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.
Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.
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