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

Shares of Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report) rose 4.6% during trading on Friday following insider buying activity. The company traded as high as $9.32 and last traded at $9.33. Approximately 2,552,420 shares traded hands during mid-day 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 dated Thursday, May 22nd. The stock was acquired at an average cost 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ivan Kaufman bought 140,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were bought at an average cost of $9.43 per share, with a total value of $1,320,200.00. Following the purchase, the chief executive officer now owns 1,929,816 shares of the company's stock, valued at $18,198,164.88. This trade represents a 7.82% increase in their ownership of the stock. The disclosure for this purchase can be found here. In related news, CEO Ivan Kaufman acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average price of $9.98 per share, with a total value of $99,800.00. Following the transaction, the chief executive officer now owns 1,789,816 shares of the company's stock, valued at approximately $17,862,363.68. This trade represents a 0.56% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ABR. 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 report on Monday, May 5th. Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods lowered their target price on 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.20.

Arbor Realty Trust Trading Down 0.5%

The company's 50 day simple moving average is $10.88 and its 200 day simple moving average is $12.67. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 8.24 and a beta of 1.50. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68.

Arbor Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.23%. Arbor Realty Trust's dividend payout ratio is presently 115.38%.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in ABR. Strs Ohio acquired a new position in Arbor Realty Trust during the 1st quarter worth approximately $404,000. Focus Partners Wealth acquired a new position in shares of Arbor Realty Trust during the 1st quarter worth about $161,000. Palogic Value Management L.P. boosted its holdings in Arbor Realty Trust by 13.4% in the first quarter. Palogic Value Management L.P. now owns 106,895 shares of the real estate investment trust's stock valued at $1,256,000 after purchasing an additional 12,597 shares in the last quarter. United Services Automobile Association acquired a new position in Arbor Realty Trust in the first quarter valued at approximately $145,000. Finally, Caxton Associates LLP acquired a new position in Arbor Realty Trust in the first quarter valued at approximately $954,000. 57.25% of the stock is owned by institutional investors and hedge funds.

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.