Arbor Realty Trust (NYSE:ABR) Stock Price Down 0.9%

Arbor Realty Trust, Inc. (NYSE:ABR)’s stock price dropped 0.9% on Thursday . The company traded as low as $13.21 and last traded at $13.27. Approximately 819,873 shares changed hands during trading, a decline of 83% from the average daily volume of 4,805,243 shares. The stock had previously closed at $13.39.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Arbor Realty Trust from $14.50 to $13.50 and set a “market perform” rating on the stock in a report on Wednesday, February 21st. TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Wedbush reissued an “outperform” rating and set a $17.00 price target on shares of Arbor Realty Trust in a research note on Tuesday, February 20th. Finally, JMP Securities decreased their price objective on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating on the stock in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Hold” and an average price target of $15.67.

Arbor Realty Trust Trading Down 1.0 %

The company has a 50-day moving average of $13.13 and a 200 day moving average of $13.80. The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02. The company has a market cap of $2.50 billion, a PE ratio of 7.54 and a beta of 1.97.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.98%. The ex-dividend date was Friday, March 1st. Arbor Realty Trust’s dividend payout ratio is currently 97.73%.

Insider Buying and Selling at Arbor Realty Trust

In related news, Director William C. Green purchased 10,209 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average price of $12.93 per share, with a total value of $132,002.37. Following the purchase, the director now directly owns 162,809 shares of the company’s stock, valued at approximately $2,105,120.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its position in shares of Arbor Realty Trust by 1.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 49,627 shares of the real estate investment trust’s stock worth $571,000 after buying an additional 747 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Arbor Realty Trust by 9.3% in the fourth quarter. Avior Wealth Management LLC now owns 8,939 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 761 shares during the period. Alpha Cubed Investments LLC grew its holdings in Arbor Realty Trust by 6.7% during the 4th quarter. Alpha Cubed Investments LLC now owns 13,184 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 825 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Arbor Realty Trust by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 93,220 shares of the real estate investment trust’s stock valued at $1,415,000 after purchasing an additional 845 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Arbor Realty Trust by 2.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 33,563 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 847 shares during the period. 57.25% of the stock is currently owned by hedge funds and other 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.