Insider Selling: Arbor Realty Trust (ABR) Director Sells $224,840.00 in Stock
Arbor Realty Trust (NYSE:ABR) Director William B. Helmreich sold 28,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $8.03, for a total transaction of $224,840.00. Following the completion of the transaction, the director now directly owns 178,735 shares in the company, valued at $1,435,242.05. The transaction 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 firm has a 50-day moving average of $8.18 and a 200 day moving average of $8.18. The company has a market capitalization of $505.52 million, a price-to-earnings ratio of 7.55 and a beta of 0.67. Arbor Realty Trust has a 12-month low of $6.92 and a 12-month high of $8.99.
Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Arbor Realty Trust had a return on equity of 10.47% and a net margin of 54.47%. The firm had revenue of $34.47 million for the quarter. Analysts expect that Arbor Realty Trust will post $0.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend was Monday, August 14th. Arbor Realty Trust’s dividend payout ratio is presently 64.29%.
Large investors have recently made changes to their positions in the stock. UBS Group AG boosted its stake in shares of Arbor Realty Trust by 10.7% in the first quarter. UBS Group AG now owns 39,570 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 3,834 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Arbor Realty Trust by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,782,851 shares of the real estate investment trust’s stock valued at $14,941,000 after buying an additional 75,099 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in shares of Arbor Realty Trust during the first quarter valued at $1,566,000. Wellington Management Group LLP boosted its stake in shares of Arbor Realty Trust by 1.5% in the first quarter. Wellington Management Group LLP now owns 3,178,574 shares of the real estate investment trust’s stock valued at $26,636,000 after buying an additional 46,971 shares in the last quarter. Finally, Hancock Holding Co. boosted its stake in shares of Arbor Realty Trust by 21.2% in the first quarter. Hancock Holding Co. now owns 24,170 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 4,220 shares in the last quarter. Hedge funds and other institutional investors own 47.72% of the company’s stock.
Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.75 target price on shares of Arbor Realty Trust in a report on Thursday, July 6th. Zacks Investment Research raised 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 lowered shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th.
About Arbor Realty Trust
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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