Arbor Realty Trust (NYSE:ABR) Sees Unusually-High Trading Volume

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) saw strong trading volume on Thursday . 1,508,853 shares traded hands during trading, a decline of 67% from the previous session’s volume of 4,596,534 shares.The stock last traded at $12.07 and had previously closed at $12.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JMP Securities lowered their target price on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Wedbush reissued a “neutral” rating and set a $13.00 price objective (down previously from $17.00) on shares of Arbor Realty Trust in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.71.

Arbor Realty Trust Price Performance

The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02. The business’s fifty day moving average price is $12.90 and its 200-day moving average price is $13.59. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 6.93 and a beta of 1.97.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 14.10%. The ex-dividend date of this dividend was Friday, March 1st. Arbor Realty Trust’s dividend payout ratio is currently 97.73%.

Insider Activity

In related news, Director William C. Green purchased 10,209 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the completion of the acquisition, the director now owns 162,809 shares of the company’s stock, valued at approximately $2,105,120.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently added to or reduced their stakes in ABR. Newbridge Financial Services Group Inc. lifted its holdings in Arbor Realty Trust by 70.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 34,225 shares of the real estate investment trust’s stock worth $520,000 after acquiring an additional 14,167 shares during the period. Quadrature Capital Ltd raised its stake in shares of Arbor Realty Trust by 254.7% during the 4th quarter. Quadrature Capital Ltd now owns 45,500 shares of the real estate investment trust’s stock worth $690,000 after purchasing an additional 32,673 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Arbor Realty Trust by 16.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,010 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Arbor Realty Trust by 38.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 21,866 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 6,037 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Arbor Realty Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock worth $286,612,000 after buying an additional 235,364 shares during the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Company Profile

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.