Short Interest in Arbor Realty Trust (ABR) Grows By 46.5%
Arbor Realty Trust (NYSE:ABR) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,157,728 shares, a growth of 46.5% from the July 31st total of 790,142 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 356,459 shares, the days-to-cover ratio is currently 3.2 days.
Arbor Realty Trust (ABR) opened at 8.05 on Thursday. The company’s 50-day moving average is $8.19 and its 200 day moving average is $8.15. The company has a market cap of $493.86 million, a price-to-earnings ratio of 7.37 and a beta of 0.69. Arbor Realty Trust has a 1-year low of $6.92 and a 1-year high of $8.99.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share (EPS) 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. On average, equities analysts predict that Arbor Realty Trust will post $0.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.72 annualized dividend and a dividend yield of 8.94%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 64.29%.
ABR has been the topic of several recent research reports. 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 research note on Tuesday, July 18th. BidaskClub lowered shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.75 price objective on shares of Arbor Realty Trust in a research note on Thursday, July 6th.
In other news, 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 value of $224,840.00. Following the transaction, the director now owns 178,735 shares of the company’s stock, valued at approximately $1,435,242.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Melvin F. Lazar bought 6,785 shares of Arbor Realty Trust 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 purchase, the director now directly owns 169,615 shares in the company, valued at approximately $1,363,704.60. The disclosure for this purchase can be found here. 16.50% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of ABR. Wells Fargo & Company MN raised 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 valued at $315,000 after buying an additional 171 shares in the last quarter. Sii Investments Inc. WI raised 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 valued at $679,000 after buying an additional 356 shares in the last quarter. Omega Advisors Inc. raised 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 valued at $590,000 after buying an additional 440 shares in the last quarter. Ameriprise Financial Inc. raised 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 valued at $174,000 after buying an additional 1,515 shares in the last quarter. Finally, Baird Financial Group Inc. raised 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 valued at $1,594,000 after buying an additional 2,677 shares in the last quarter. 47.72% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Arbor Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arbor Realty Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.