Arbor Realty Trust (NYSE:ABR) Shares Gap Down to $14.11

Arbor Realty Trust, Inc. (NYSE:ABR – Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $14.11, but opened at $13.59. Arbor Realty Trust shares last traded at $13.21, with a volume of 781,416 shares traded.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Arbor Realty Trust from $14.50 to $15.50 and gave the stock a “market perform” rating in a report on Tuesday, February 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.60.

Arbor Realty Trust Stock Performance

The stock’s 50 day moving average price is $14.62 and its 200 day moving average price is $14.08. The company has a debt-to-equity ratio of 3.85, a quick ratio of 46.60 and a current ratio of 46.60. The company has a market capitalization of $2.36 billion, a P/E ratio of 7.92 and a beta of 1.97.

Arbor Realty Trust Dividend Announcement

The company 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.17%. The ex-dividend date is Friday, March 10th. Arbor Realty Trust’s dividend payout ratio is currently 96.39%.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently modified their holdings of ABR. Capital Wealth Alliance LLC bought a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at $25,000. Financial Freedom LLC acquired a new position in shares of Arbor Realty Trust during the 4th quarter valued at $27,000. State of Wyoming acquired a new position in shares of Arbor Realty Trust during the 4th quarter valued at $27,000. Money Concepts Capital Corp acquired a new position in shares of Arbor Realty Trust during the 4th quarter valued at $32,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Arbor Realty Trust during the 2nd quarter valued at $39,000. 40.52% of the stock is owned by institutional investors.

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.