Arbor Realty Trust (NYSE:ABR) Insider David Erwin Friedman Purchases 8,840 Shares

Arbor Realty Trust (NYSE:ABR) insider David Erwin Friedman bought 8,840 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $6.84 per share, with a total value of $60,465.60. Following the purchase, the insider directly owned 68,478 shares in the company, valued at approximately $468,389.52. This trade represents a 14.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

David Erwin Friedman also recently made the following trade(s):

• On Monday, May 11th, David Erwin Friedman sold 7,685 shares of Arbor Realty Trust stock. The shares were sold at an average price of $6.87, for a total transaction of $52,795.95.

Arbor Realty Trust Stock Up 0.4%

Shares of NYSE:ABR traded up $0.03 during trading on Wednesday, reaching $5.88. 5,624,238 shares of the company traded hands, compared to its average volume of 4,010,208. The firm has a fifty day simple moving average of $7.79 and a 200 day simple moving average of $8.23. The firm has a market cap of $1.13 billion, a P/E ratio of 15.06 and a beta of 1.24. Arbor Realty Trust has a 1-year low of $5.69 and a 1-year high of $12.57. The company has a quick ratio of 394.59, a current ratio of 428.41 and a debt-to-equity ratio of 2.71.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The business had revenue of $119.67 million for the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. Analysts anticipate that Arbor Realty Trust will post 0.77 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.6%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 307.69%.

Analyst Ratings Changes

ABR has been the topic of a number of recent research reports. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings downgraded shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. Finally, Citizens Jmp cut their price target on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Arbor Realty Trust presently has an average rating of “Reduce” and an average price target of $8.63.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ABR. Balyasny Asset Management L.P. raised its holdings in Arbor Realty Trust by 296.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock worth $29,765,000 after acquiring an additional 2,869,132 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Arbor Realty Trust in the 4th quarter worth $10,219,000. Wasatch Advisors LP raised its holdings in Arbor Realty Trust by 19.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after acquiring an additional 654,583 shares during the period. Azora Capital LP bought a new position in Arbor Realty Trust in the 3rd quarter worth $7,897,000. Finally, Van ECK Associates Corp raised its holdings in Arbor Realty Trust by 41.9% in the 4th quarter. Van ECK Associates Corp now owns 1,892,783 shares of the real estate investment trust’s stock worth $14,688,000 after acquiring an additional 559,209 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.