Arbor Realty Trust (NYSE:ABR) announced a quarterly dividend on Wednesday, November 9th. Shareholders of record on Monday, November 21st will be given a dividend of 0.16 per share on Wednesday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date of this dividend is Thursday, November 17th.

Shares of Arbor Realty Trust (NYSE:ABR) opened at 7.28 on Friday. The stock has a market cap of $374.05 million, a price-to-earnings ratio of 11.74 and a beta of 0.71. Arbor Realty Trust has a 12-month low of $6.01 and a 12-month high of $7.99. The firm’s 50-day moving average price is $7.36 and its 200-day moving average price is $7.21.

Dividend History for Arbor Realty Trust (NYSE:ABR)

In related news, Director Karen K. Edwards bought 7,510 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was purchased at an average price of C$7.81 per share, for a total transaction of C$58,653.10. Following the acquisition, the director now owns 75,000 shares of the company’s stock, valued at C$585,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its position in Arbor Realty Trust by 8.9% in the third quarter. Northern Trust Corp now owns 125,037 shares of the company’s stock valued at $928,000 after buying an additional 10,248 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Arbor Realty Trust by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 19,185 shares of the company’s stock valued at $142,000 after buying an additional 685 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Arbor Realty Trust by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,746,433 shares of the company’s stock valued at $20,379,000 after buying an additional 40,881 shares during the last quarter. BlackRock Fund Advisors boosted its position in Arbor Realty Trust by 3.7% in the third quarter. BlackRock Fund Advisors now owns 1,046,064 shares of the company’s stock valued at $7,762,000 after buying an additional 37,401 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in Arbor Realty Trust by 20.3% in the third quarter. BlackRock Advisors LLC now owns 22,957 shares of the company’s stock valued at $170,000 after buying an additional 3,875 shares during the last quarter. Institutional investors and hedge funds own 41.04% of the company’s stock.

A number of analysts have recently issued reports on ABR shares. Zacks Investment Research downgraded shares of Arbor Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 18th. Keefe, Bruyette & Woods raised their price target on shares of Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a report on Tuesday, August 16th. Finally, JMP Securities raised their price target on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$8.25.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.

5 Day Chart for NYSE:ABR

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