Insider Buying: Arbor Realty Trust, Inc. (NYSE:ABR) CEO Acquires 60,000 Shares of Stock

Arbor Realty Trust, Inc. (NYSE:ABR) CEO Ivan Kaufman acquired 60,000 shares of Arbor Realty Trust stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of $8.70 per share, with a total value of $522,000.00. Following the completion of the purchase, the chief executive officer now owns 1,989,816 shares in the company, valued at approximately $17,311,399.20. This represents a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ivan Kaufman also recently made the following trade(s):

• On Wednesday, May 21st, Ivan Kaufman bought 140,000 shares of Arbor Realty Trust stock. The shares were bought at an average cost of $9.43 per share, for a total transaction of $1,320,200.00.
• On Tuesday, May 20th, Ivan Kaufman purchased 10,000 shares of Arbor Realty Trust stock. The stock was bought at an average price of $9.98 per share, with a total value of $99,800.00.

Arbor Realty Trust Stock Down 1.8%

NYSE:ABR opened at $8.92 on Friday. The business’s fifty day moving average price is $11.05 and its 200 day moving average price is $12.80. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 7.50 and a beta of 1.50. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. Arbor Realty Trust, Inc. has a 1-year low of $8.43 and a 1-year high of $15.94.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The company had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. On average, sell-side analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 13.45%. Arbor Realty Trust’s payout ratio is presently 115.38%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating on the stock in a report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. Finally, Raymond James downgraded shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.20.

Institutional Trading of Arbor Realty Trust

Several large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its holdings in shares of Arbor Realty Trust by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 774 shares in the last quarter. Natixis Advisors LLC increased its position in Arbor Realty Trust by 5.0% during the fourth quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 797 shares during the last quarter. Principal Securities Inc. increased its position in Arbor Realty Trust by 10.0% during the fourth quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 825 shares during the last quarter. Covestor Ltd raised its holdings in Arbor Realty Trust by 14.7% during the first quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,146 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Arbor Realty Trust by 10.0% in the fourth quarter. Xponance Inc. now owns 13,288 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,209 shares during the last quarter. 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.