Arbor Realty Trust (NYSE:ABR – Get Free Report) insider David Erwin Friedman acquired 8,840 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $6.84 per share, for a total transaction of $60,465.60. Following the acquisition, the insider owned 68,478 shares in the company, valued at approximately $468,389.52. This trade represents a 14.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
David Erwin Friedman also recently made the following trade(s):
- On Monday, May 11th, David Erwin Friedman sold 7,685 shares of Arbor Realty Trust stock. The stock was sold at an average price of $6.87, for a total transaction of $52,795.95.
Arbor Realty Trust Stock Performance
Shares of NYSE:ABR traded up $0.03 on Wednesday, hitting $5.88. 5,624,238 shares of the company were exchanged, compared to its average volume of 4,010,208. The company’s 50 day moving average price is $7.79 and its two-hundred day moving average price is $8.23. Arbor Realty Trust has a one year low of $5.69 and a one year high of $12.57. The company has a debt-to-equity ratio of 2.71, a quick ratio of 394.59 and a current ratio of 428.41. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.06 and a beta of 1.24.
Arbor Realty Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.68 annualized dividend and a dividend yield of 11.6%. Arbor Realty Trust’s payout ratio is presently 307.69%.
Institutional Trading of Arbor Realty Trust
Several institutional investors have recently made changes to their positions in the business. Amalgamated Bank increased its position in shares of Arbor Realty Trust by 1.9% during the third quarter. Amalgamated Bank now owns 55,643 shares of the real estate investment trust’s stock worth $679,000 after acquiring an additional 1,062 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Arbor Realty Trust by 6.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,175 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Arbor Realty Trust by 33.4% during the second quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in shares of Arbor Realty Trust by 52.2% during the third quarter. Atlantic Union Bankshares Corp now owns 3,805 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,305 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ABR has been the topic of several research reports. Weiss Ratings downgraded shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Citizens Jmp decreased their target price on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Reduce” and an average target price of $8.63.
Read Our Latest Stock Report on ABR
About Arbor Realty Trust
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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