Arbor Realty Trust (NYSE:ABR) Stock Price Up 4.6% on Insider Buying Activity

Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report)'s share price was up 4.6% on Friday after an insider bought additional shares in the company. The company traded as high as $9.32 and last traded at $9.33. Approximately 2,552,420 shares traded hands during trading, a decline of 22% from the average daily volume of 3,258,767 shares. The stock had previously closed at $8.92.

Specifically, CEO Ivan Kaufman purchased 60,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $8.70 per share, for a total transaction of $522,000.00. Following the acquisition, the chief executive officer now owns 1,989,816 shares in the company, valued at $17,311,399.20. This trade represents a 3.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ivan Kaufman purchased 140,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were purchased at an average price of $9.43 per share, with a total value of $1,320,200.00. Following the acquisition, the chief executive officer now owns 1,929,816 shares in the company, valued at approximately $18,198,164.88. The trade was a 7.82% increase in their position. The disclosure for this purchase can be found here. In other news, CEO Ivan Kaufman purchased 10,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was purchased at an average price of $9.98 per share, for a total transaction of $99,800.00. Following the acquisition, the chief executive officer now owns 1,789,816 shares in the company, valued at $17,862,363.68. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

ABR has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $11.75 to $11.00 and set a "market perform" rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Finally, Raymond James cut 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 assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.20.

Arbor Realty Trust Trading Up 4.1%

The firm's 50-day moving average is $10.88 and its 200-day moving average is $12.67. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 8.29 and a beta of 1.50.

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

Arbor Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 12.16%. Arbor Realty Trust's payout ratio is currently 115.38%.

Institutional Trading of Arbor Realty Trust

Several hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP lifted its position in shares of Arbor Realty Trust by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust's stock valued at $49,128,000 after purchasing an additional 35,777 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Arbor Realty Trust by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust's stock worth $29,952,000 after buying an additional 56,002 shares during the last quarter. Northern Trust Corp increased its holdings in Arbor Realty Trust by 10.0% during the fourth quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock worth $33,690,000 after buying an additional 220,471 shares during the last quarter. Invesco Ltd. raised its position in Arbor Realty Trust by 30.3% in the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock worth $25,827,000 after acquiring an additional 510,772 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Arbor Realty Trust by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust's stock valued at $17,428,000 after acquiring an additional 27,327 shares during the last quarter. Institutional investors and hedge funds 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.