William B. Helmreich Sells 28,000 Shares of Arbor Realty Trust (ABR) Stock
Arbor Realty Trust (NYSE:ABR) Director William B. Helmreich sold 28,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $8.03, for a total value of $224,840.00. Following the sale, the director now directly owns 178,735 shares in the company, valued at $1,435,242.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Arbor Realty Trust (ABR) traded up 0.63% during mid-day trading on Wednesday, hitting $8.05. The company had a trading volume of 187,468 shares. The company’s 50-day moving average is $8.19 and its 200 day moving average is $8.15. The company has a market capitalization of $493.86 million, a PE ratio of 7.37 and a beta of 0.69. Arbor Realty Trust has a one year low of $6.92 and a one year high of $8.99.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $34.47 million during the quarter. Arbor Realty Trust had a return on equity of 10.47% and a net margin of 54.47%. On average, equities research analysts forecast that Arbor Realty Trust will post $0.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.94%. Arbor Realty Trust’s payout ratio is 64.29%.
ABR has been the topic of several analyst reports. Zacks Investment Research raised Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Tuesday, July 18th. BidaskClub lowered Arbor Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.75 target price on shares of Arbor Realty Trust in a report on Thursday, July 6th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. purchased a new position in shares of Arbor Realty Trust during the second quarter worth $110,000. UBS Asset Management Americas Inc. purchased a new position in shares of Arbor Realty Trust during the second quarter worth $133,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Arbor Realty Trust during the first quarter worth $170,000. Ameriprise Financial Inc. raised its position in shares of Arbor Realty Trust by 7.9% in the first quarter. Ameriprise Financial Inc. now owns 20,700 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,515 shares during the last quarter. Finally, Hancock Holding Co. raised its position in shares of Arbor Realty Trust by 21.2% in the first quarter. Hancock Holding Co. now owns 24,170 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 4,220 shares during the last quarter. Hedge funds and other institutional investors own 47.72% of the company’s stock.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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