Arbor Realty Trust (NYSE:ABR) Sees Strong Trading Volume Following Dividend Announcement

Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report) saw unusually-high trading volume on Monday following a dividend announcement from the company. Approximately 3,706,138 shares changed hands during mid-day trading, an increase of 24% from the previous session's volume of 2,983,141 shares.The stock last traded at $12.01 and had previously closed at $12.00.

The newly announced dividend which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.72 annualized dividend and a dividend yield of 14.05%. Arbor Realty Trust's dividend payout ratio (DPR) is 144.54%.

Analyst Ratings Changes

ABR has been the subject of several analyst reports. Raymond James downgraded Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday. JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods cut their price target on Arbor Realty Trust from $13.50 to $12.00 and set a "market perform" rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $13.75.

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Arbor Realty Trust Stock Down 0.1 %

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 capitalization of $2.31 billion, a price-to-earnings ratio of 10.29 and a beta of 2.03. The firm has a 50 day moving average price of $13.52 and a two-hundred day moving average price of $14.17.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced 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). The company had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. On average, equities analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity at Arbor Realty Trust

In other news, Director William C. Green purchased 5,269 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $14.17 per share, with a total value of $74,661.73. Following the acquisition, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Arbor Realty Trust during the fourth quarter worth about $36,000. GTS Securities LLC increased its holdings in Arbor Realty Trust by 126.4% during the 4th quarter. GTS Securities LLC now owns 12,827 shares of the real estate investment trust's stock worth $178,000 after purchasing an additional 61,427 shares during the last quarter. Novem Group purchased a new stake in Arbor Realty Trust during the 4th quarter worth approximately $239,000. PharVision Advisers LLC acquired a new position in shares of Arbor Realty Trust in the 4th quarter valued at approximately $207,000. Finally, Voloridge Investment Management LLC boosted its stake in shares of Arbor Realty Trust by 4.4% during the 4th quarter. Voloridge Investment Management LLC now owns 629,298 shares of the real estate investment trust's stock valued at $8,716,000 after buying an additional 26,383 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.