Arbor Realty Trust, Inc. (NYSE:ABR) Short Interest Update

Arbor Realty Trust, Inc. (NYSE:ABR) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 72,920,000 shares, an increase of 5.8% from the March 15th total of 68,950,000 shares. Based on an average daily volume of 4,660,000 shares, the days-to-cover ratio is presently 15.6 days.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $12.16 on Thursday. The business has a 50 day moving average of $12.87 and a 200-day moving average of $13.52. The company has a market capitalization of $2.29 billion, a P/E ratio of 6.91 and a beta of 1.97. Arbor Realty Trust has a 1 year low of $10.10 and a 1 year high of $17.74. The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02.

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 given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 14.15%. The ex-dividend date of this dividend was Friday, March 1st. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 97.73%.

Analysts Set New Price Targets

Several research firms have weighed in on ABR. Wedbush restated a “neutral” rating and set a $13.00 target price (down from $17.00) on shares of Arbor Realty Trust in a research note on Thursday, April 11th. TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Finally, JMP Securities decreased their price target on shares of 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 investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.71.

Insider Activity at Arbor Realty Trust

In other news, Director William C. Green acquired 10,209 shares of Arbor Realty Trust stock in a transaction on Monday, March 18th. The shares were purchased at an average cost of $12.93 per share, for a total transaction of $132,002.37. Following the completion of the purchase, the director now directly owns 162,809 shares of the company’s stock, valued at approximately $2,105,120.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Large investors have recently modified their holdings of the business. AlphaCrest Capital Management LLC bought a new position in Arbor Realty Trust during the 1st quarter worth $212,000. MetLife Investment Management LLC raised its position in shares of Arbor Realty Trust by 55.4% during the first quarter. MetLife Investment Management LLC now owns 76,796 shares of the real estate investment trust’s stock worth $1,310,000 after acquiring an additional 27,383 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Arbor Realty Trust by 20.4% in the first quarter. Great West Life Assurance Co. Can now owns 7,214 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 1,223 shares during the period. Cetera Investment Advisers boosted its holdings in Arbor Realty Trust by 12.0% in the first quarter. Cetera Investment Advisers now owns 138,111 shares of the real estate investment trust’s stock valued at $2,356,000 after acquiring an additional 14,771 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Arbor Realty Trust by 28.7% during the 1st quarter. Vanguard Group Inc. now owns 9,436,190 shares of the real estate investment trust’s stock valued at $160,982,000 after purchasing an additional 2,103,266 shares during the period. Institutional investors own 57.25% of the company’s stock.

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.