Insider Buying: Arbor Realty Trust (NYSE:ABR) Director Acquires 25,951 Shares of Stock

Key Points

• Insider buying: Arbor Realty Trust Director William Green purchased 25,951 shares at an average price of $5.07, increasing his position by 12.63% to 231,369 shares.
• Recent performance and dividend: ABR traded near $4.95, close to its 52-week low, while the company maintained a $0.17 quarterly dividend, representing a 13.7% annualized yield.
• Analyst outlook remains cautious: Although Arbor Realty Trust exceeded quarterly earnings and revenue expectations, analysts hold a consensus “Reduce” rating with a $6.00 target price; institutional investors own 57.25% of the stock.

Arbor Realty Trust (NYSE:ABR - Get Free Report) Director William Green bought 25,951 shares of the firm's stock in a transaction on Monday, August 31st. The shares were bought at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the purchase, the director owned 231,369 shares of the company's stock, valued at approximately $1,173,040.83. The trade was a 12.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Arbor Realty Trust Price Performance

ABR stock traded down $0.06 during midday trading on Tuesday, reaching $4.95. 3,423,129 shares of the stock were exchanged, compared to its average volume of 4,069,561. Arbor Realty Trust has a 52 week low of $4.73 and a 52 week high of $12.57. The company has a fifty day moving average price of $5.12 and a 200 day moving average price of $6.35. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. The stock has a market capitalization of $923.47 million, a PE ratio of 70.71 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%.The firm had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. As a group, analysts expect that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 13.7%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust's dividend payout ratio is presently 971.43%.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Arbor Realty Trust during the second quarter valued at approximately $143,448,000. Balyasny Asset Management L.P. raised its stake in shares of Arbor Realty Trust by 296.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust's stock worth $29,765,000 after purchasing an additional 2,869,132 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Arbor Realty Trust in the 2nd quarter worth about $7,702,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Arbor Realty Trust in the 4th quarter worth about $10,219,000. Finally, California State Teachers Retirement System grew its position in Arbor Realty Trust by 334.0% during the second quarter. California State Teachers Retirement System now owns 1,084,385 shares of the real estate investment trust's stock valued at $5,877,000 after buying an additional 834,529 shares during the period. Institutional investors and hedge funds own 57.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Arbor Realty Trust from an "underweight" rating to a "neutral" rating and decreased their price target for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Citizens Jmp reduced their target price on Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating on the stock in a report on Thursday, May 14th. Piper Sandler decreased their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating for the company in a research report on Monday, August 3rd. Zacks Research lowered shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Thursday, July 16th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating on the stock in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $6.00.

About Arbor Realty Trust

Arbor Realty Trust, Inc NYSE: ABR is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.

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