Arbor Realty Trust (NYSE:ABR) Sees Large Volume Increase After Dividend Announcement

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) saw an uptick in trading volume on Monday after the company announced a dividend. 3,706,138 shares changed hands during trading, an increase of 24% from the previous session’s volume of 2,983,141 shares.The stock last traded at $12.01 and had previously closed at $12.00.

The newly announced dividend which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.06%. The ex-dividend date is Friday, March 7th. Arbor Realty Trust’s payout ratio is 144.54%.

Wall Street Analyst Weigh In

ABR has been the topic of several recent analyst reports. Raymond James downgraded shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday. Keefe, Bruyette & Woods lowered their price target on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.75.

Arbor Realty Trust Stock Performance

The firm’s fifty day moving average price is $13.55 and its 200-day moving average price is $14.19. The company has a market cap of $2.31 billion, a P/E ratio of 10.28 and a beta of 2.03. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. The firm had revenue of $262.87 million for the quarter, compared to the consensus estimate of $88.92 million. As a group, research analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Insider Activity

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Several large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new position in shares of Arbor Realty Trust during the 4th quarter worth approximately $1,144,000. Nisa Investment Advisors LLC lifted its holdings in shares of Arbor Realty Trust by 29.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock valued at $1,459,000 after acquiring an additional 23,987 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Arbor Realty Trust by 52.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock valued at $4,535,000 after purchasing an additional 100,055 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of Arbor Realty Trust by 42.0% in the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 39,072 shares during the last quarter. Finally, EMC Capital Management lifted its holdings in Arbor Realty Trust by 23,453.8% during the 4th quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 18,763 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Company Profile

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.