Arbor Realty Trust (NYSE:ABR) Shares Down 0.9%

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) dropped 0.9% on Thursday . The company traded as low as $13.21 and last traded at $13.27. Approximately 819,873 shares were traded during trading, a decline of 83% from the average daily volume of 4,805,243 shares. The stock had previously closed at $13.39.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ABR. Wedbush reiterated an “outperform” rating and set a $17.00 price objective on shares of Arbor Realty Trust in a research note on Tuesday, February 20th. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $14.50 to $13.50 and set a “market perform” rating on the stock in a research report on Wednesday, February 21st. Finally, 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 research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.67.

Arbor Realty Trust Price Performance

The stock has a market capitalization of $2.50 billion, a P/E ratio of 7.54 and a beta of 1.97. The company has a 50 day moving average of $13.13 and a 200-day moving average of $13.80. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 3.21.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 12.98%. The ex-dividend date of this dividend was Friday, March 1st. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 97.73%.

Insider Buying and Selling

In related news, Director William C. Green bought 10,209 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $12.93 per share, for a total transaction of $132,002.37. Following the completion of the purchase, the director now directly owns 162,809 shares in the company, valued at approximately $2,105,120.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arbor Realty Trust

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