Arbor Realty Trust (NYSE:ABR) Shares Up 0.5%

Arbor Realty Trust, Inc. (NYSE:ABR) shot up 0.5% during trading on Tuesday . The company traded as high as $13.08 and last traded at $13.00. 431,516 shares traded hands during trading, a decline of 91% from the average session volume of 4,853,060 shares. The stock had previously closed at $12.94.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ABR. JMP Securities cut their target price on shares of Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 1st. Wedbush reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Arbor Realty Trust in a research report on Tuesday, February 20th. TheStreet raised shares of 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 objective on shares of Arbor Realty Trust from $14.50 to $13.50 and set a “market perform” rating on the stock in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust has an average rating of “Hold” and an average price target of $15.67.

Arbor Realty Trust Stock Performance

The company has a debt-to-equity ratio of 3.21, a quick ratio of 36.02 and a current ratio of 36.02. The firm’s 50 day simple moving average is $13.13 and its 200 day simple moving average is $13.80. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 7.61 and a beta of 1.97.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 12.85%. The ex-dividend date of this dividend was Friday, March 1st. Arbor Realty Trust’s payout ratio is 97.73%.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green acquired 10,209 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $12.93 per share, for a total transaction of $132,002.37. Following the purchase, the director now owns 162,809 shares in the company, valued at approximately $2,105,120.37. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Arbor Realty Trust by 55.6% in the 2nd quarter. BlackRock Inc. now owns 24,979,705 shares of the real estate investment trust’s stock valued at $370,199,000 after purchasing an additional 8,928,167 shares during the period. Vanguard Group Inc. increased its holdings in Arbor Realty Trust by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock worth $286,612,000 after acquiring an additional 235,364 shares in the last quarter. State Street Corp increased its holdings in Arbor Realty Trust by 84.1% in the 2nd quarter. State Street Corp now owns 6,690,200 shares of the real estate investment trust’s stock worth $99,149,000 after acquiring an additional 3,055,294 shares in the last quarter. Geode Capital Management LLC increased its holdings in Arbor Realty Trust by 9.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,514,557 shares of the real estate investment trust’s stock worth $52,086,000 after acquiring an additional 304,339 shares in the last quarter. Finally, Cooperman Leon G increased its holdings in Arbor Realty Trust by 25.7% in the 2nd quarter. Cooperman Leon G now owns 3,454,694 shares of the real estate investment trust’s stock worth $51,199,000 after acquiring an additional 707,000 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.