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

Arbor Realty Trust, Inc. (NYSE:ABR) shares saw strong trading volume on Thursday . 1,508,853 shares changed hands during mid-day trading, a decline of 67% from the previous session’s volume of 4,596,534 shares.The stock last traded at $12.07 and had previously closed at $12.34.

Analysts Set New Price Targets

A number of analysts have commented on ABR shares. Wedbush reaffirmed a “neutral” rating and set a $13.00 target price (down previously from $17.00) on shares of Arbor Realty Trust in a report on Thursday. JMP Securities dropped their price objective on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. cut their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday. TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Hold” and an average target price of $14.71.

Arbor Realty Trust Stock Down 1.8 %

The stock’s fifty day moving average price is $12.90 and its 200-day moving average price is $13.59. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 3.21. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 6.93 and a beta of 1.97.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.43 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.72 annualized dividend and a yield of 14.10%. Arbor Realty Trust’s payout ratio is currently 97.73%.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green bought 10,209 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $12.93 per share, with a total value of $132,002.37. Following the completion of the transaction, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of ABR. Financial Freedom LLC bought a new stake in Arbor Realty Trust in the fourth quarter valued at approximately $27,000. State of Wyoming bought a new stake in Arbor Realty Trust in the 4th quarter valued at $27,000. Money Concepts Capital Corp acquired a new stake in Arbor Realty Trust during the 4th quarter valued at $32,000. Cape Investment Advisory Inc. boosted its position in Arbor Realty Trust by 671.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,015 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Arbor Realty Trust in the fourth quarter valued at $35,000. 57.25% of the stock is owned by institutional investors.

About Arbor Realty Trust

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.