Insider Buying: Arbor Realty Trust (ABR) Director Buys $54,551.40 in Stock
Arbor Realty Trust (NYSE:ABR) Director Melvin F. Lazar acquired 6,785 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average cost of $8.04 per share, for a total transaction of $54,551.40. Following the transaction, the director now owns 169,615 shares of the company’s stock, valued at $1,363,704.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Arbor Realty Trust (NYSE:ABR) opened at 8.24 on Friday. The company’s 50-day moving average is $8.18 and its 200-day moving average is $8.18. The firm has a market capitalization of $505.52 million, a P/E ratio of 7.55 and a beta of 0.67. Arbor Realty Trust has a one year low of $6.92 and a one year high of $8.99.
Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, August 4th. The real estate investment trust reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $34.47 million for the quarter. Arbor Realty Trust had a return on equity of 10.47% and a net margin of 54.47%. Equities analysts forecast that Arbor Realty Trust will post $0.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date of this dividend was Monday, August 14th. Arbor Realty Trust’s payout ratio is 64.29%.
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A number of brokerages have recently commented on ABR. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.75 price objective on shares of Arbor Realty Trust in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th.
Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Arbor Realty Trust by 0.5% in the first quarter. Wells Fargo & Company MN now owns 37,547 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 171 shares during the last quarter. Sii Investments Inc. WI boosted its stake in Arbor Realty Trust by 0.4% in the first quarter. Sii Investments Inc. WI now owns 80,956 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 356 shares during the last quarter. Omega Advisors Inc. boosted its stake in Arbor Realty Trust by 0.6% in the first quarter. Omega Advisors Inc. now owns 70,440 shares of the real estate investment trust’s stock worth $590,000 after buying an additional 440 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Arbor Realty Trust by 7.9% in the first quarter. Ameriprise Financial Inc. now owns 20,700 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,515 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Arbor Realty Trust by 1.4% in the first quarter. Baird Financial Group Inc. now owns 190,269 shares of the real estate investment trust’s stock worth $1,594,000 after buying an additional 2,677 shares during the last quarter. Institutional investors own 47.72% of the company’s stock.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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