Insider Buying: Arbor Realty Trust, Inc. (NYSE:ABR) Director Acquires 2,500 Shares of Stock

Arbor Realty Trust, Inc. (NYSE:ABRGet Rating) Director Melvin F. Lazar acquired 2,500 shares of Arbor Realty Trust stock in a transaction on Thursday, May 12th. The stock was acquired at an average cost of $16.39 per share, for a total transaction of $40,975.00. Following the purchase, the director now owns 227,500 shares of the company’s stock, valued at approximately $3,728,725. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE ABR traded up $0.24 on Friday, reaching $16.85. The company had a trading volume of 3,158,930 shares, compared to its average volume of 2,001,701. The stock’s 50 day moving average is $17.26 and its 200-day moving average is $17.85. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 7.80 and a beta of 1.71. The company has a quick ratio of 38.20, a current ratio of 41.40 and a debt-to-equity ratio of 3.99. Arbor Realty Trust, Inc. has a 52 week low of $16.11 and a 52 week high of $20.74.

Arbor Realty Trust (NYSE:ABRGet Rating) last released its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. The business had revenue of $84.14 million during the quarter, compared to the consensus estimate of $83.84 million. Arbor Realty Trust had a return on equity of 17.19% and a net margin of 62.97%. The firm’s revenue was up 71.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. As a group, analysts forecast that Arbor Realty Trust, Inc. will post 1.72 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 20th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.02%. This is a boost from Arbor Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, May 19th. Arbor Realty Trust’s payout ratio is presently 69.48%.

Large investors have recently bought and sold shares of the business. Kovack Advisors Inc. boosted its holdings in shares of Arbor Realty Trust by 1.6% during the 4th quarter. Kovack Advisors Inc. now owns 35,738 shares of the real estate investment trust’s stock valued at $655,000 after acquiring an additional 561 shares in the last quarter. Cetera Advisors LLC raised its position in Arbor Realty Trust by 4.2% during the 3rd quarter. Cetera Advisors LLC now owns 15,896 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 635 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Arbor Realty Trust by 21.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 3,810 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 670 shares in the last quarter. CWM LLC raised its position in shares of Arbor Realty Trust by 30.5% in the 1st quarter. CWM LLC now owns 2,935 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 686 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Arbor Realty Trust by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 68,637 shares of the real estate investment trust’s stock worth $1,257,000 after acquiring an additional 698 shares in the last quarter. 37.93% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on ABR shares. StockNews.com started coverage on Arbor Realty Trust in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Piper Sandler began coverage on Arbor Realty Trust in a research report on Monday, April 25th. They set an “overweight” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Arbor Realty Trust has an average rating of “Buy” and a consensus price target of $21.50.

Arbor Realty Trust Company Profile (Get Rating)

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 in two segments, Structured Business and Agency Business. 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.

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