Ivan Kaufman Purchases 60,000 Shares of Arbor Realty Trust, Inc. (NYSE:ABR) Stock

Arbor Realty Trust, Inc. (NYSE:ABR) CEO Ivan Kaufman acquired 60,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of $8.70 per share, for a total transaction of $522,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,989,816 shares of the company’s stock, valued at approximately $17,311,399.20. The trade was a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ivan Kaufman also recently made the following trade(s):

• On Wednesday, May 21st, Ivan Kaufman purchased 140,000 shares of Arbor Realty Trust stock. The stock was acquired at an average cost of $9.43 per share, for a total transaction of $1,320,200.00.
• On Tuesday, May 20th, Ivan Kaufman purchased 10,000 shares of Arbor Realty Trust stock. The stock was acquired at an average cost of $9.98 per share, for a total transaction of $99,800.00.

Arbor Realty Trust Stock Up 6.4%

ABR opened at $9.49 on Friday. Arbor Realty Trust, Inc. has a twelve month low of $8.43 and a twelve month high of $15.94. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average price of $10.99 and a 200 day moving average price of $12.76. The company has a market cap of $1.82 billion, a PE ratio of 7.98 and a beta of 1.50.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. Sell-side analysts expect that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 12.64%. Arbor Realty Trust’s payout ratio is 115.38%.

Analyst Upgrades and Downgrades

ABR has been the subject of a number of analyst reports. Raymond James downgraded shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating for the company in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. decreased 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.20.

Institutional Trading of Arbor Realty Trust

Hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP raised its holdings in Arbor Realty Trust by 1.0% in the 4th quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust’s stock valued at $49,128,000 after acquiring an additional 35,777 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Arbor Realty Trust in the 4th quarter valued at about $1,144,000. Nisa Investment Advisors LLC raised its holdings in Arbor Realty Trust by 29.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock valued at $1,459,000 after acquiring an additional 23,987 shares during the last quarter. Norges Bank acquired a new stake in Arbor Realty Trust in the 4th quarter valued at about $8,419,000. Finally, Bank of New York Mellon Corp raised its holdings in Arbor Realty Trust by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust’s stock valued at $17,428,000 after acquiring an additional 27,327 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.