Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 57,670,000 shares, a decline of 6.4% from the November 15th total of 61,640,000 shares. Based on an average daily volume of 2,410,000 shares, the short-interest ratio is currently 23.9 days.
In related news, Director William C. Green purchased 5,269 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now owns 178,797 shares of the company's stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Arbor Realty Trust by 75.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 688 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Arbor Realty Trust during the 3rd quarter valued at about $38,000. Glenmede Trust Co. NA lifted its holdings in shares of Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 701 shares during the period. KBC Group NV lifted its holdings in shares of Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust's stock valued at $100,000 after buying an additional 1,796 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in shares of Arbor Realty Trust in the 3rd quarter valued at about $102,000. Hedge funds and other institutional investors own 57.25% of the company's stock.
ABR stock traded down $0.04 on Monday, hitting $14.41. 1,626,346 shares of the company's stock were exchanged, compared to its average volume of 3,673,174. Arbor Realty Trust has a 12-month low of $11.92 and a 12-month high of $16.35. The firm has a 50 day moving average price of $14.87 and a two-hundred day moving average price of $14.29. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The stock has a market cap of $2.72 billion, a P/E ratio of 10.67 and a beta of 2.03.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 11.94%. Arbor Realty Trust's dividend payout ratio (DPR) is 127.41%.
ABR has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the company an "underweight" rating in a report on Thursday, October 17th. JMP Securities lifted their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the company a "market outperform" rating in a report on Friday, September 27th. Finally, Raymond James lifted their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust has a consensus rating of "Hold" and an average price target of $14.25.
Get Our Latest Report on Arbor Realty Trust
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.
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