Ivan Kaufman Purchases 25,000 Shares of Arbor Realty Trust (NYSE:ABR) Stock

by · The Cerbat Gem

Arbor Realty Trust (NYSE:ABR – Get Free Report) CEO Ivan Kaufman bought 25,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $9.10 per share, for a total transaction of $227,500.00. Following the transaction, the chief executive officer owned 25,000 shares in the company, valued at $227,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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

  • On Monday, November 17th, Ivan Kaufman purchased 29,000 shares of Arbor Realty Trust stock. The stock was bought at an average cost of $8.34 per share, with a total value of $241,860.00.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded down $0.53 on Monday, hitting $8.27. 6,955,146 shares of the company were exchanged, compared to its average volume of 3,291,184. The firm has a market capitalization of $1.62 billion, a P/E ratio of 9.08 and a beta of 1.38. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 1-year low of $8.25 and a 1-year high of $15.05. The stock’s 50 day moving average price is $11.32 and its 200 day moving average price is $11.07.

Arbor Realty Trust (NYSE:ABR – Get Free Report) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The company had revenue of $162.49 million during the quarter, compared to analyst estimates of $72.26 million. Sell-side analysts predict that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.5%. Arbor Realty Trust’s payout ratio is 150.00%.

Hedge Funds Weigh In On Arbor Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new position in Arbor Realty Trust in the 2nd quarter worth about $447,944,000. State Street Corp increased its position in shares of Arbor Realty Trust by 0.7% in the second quarter. State Street Corp now owns 7,337,449 shares of the real estate investment trust’s stock valued at $78,511,000 after buying an additional 54,482 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Arbor Realty Trust by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock worth $48,769,000 after buying an additional 131,747 shares during the period. Wasatch Advisors LP lifted its position in shares of Arbor Realty Trust by 19.2% during the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after buying an additional 654,583 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Arbor Realty Trust by 22.2% in the 3rd quarter. Marshall Wace LLP now owns 3,009,669 shares of the real estate investment trust’s stock valued at $36,748,000 after acquiring an additional 546,274 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analysts Set New Price Targets

ABR has been the topic of a number of recent research reports. JMP Securities dropped their target price on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arbor Realty Trust in a report on Tuesday, November 11th. JPMorgan Chase & Co. cut their price objective on shares of Arbor Realty Trust from $11.50 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Piper Sandler set a $10.00 target price on shares of Arbor Realty Trust and gave the company an “underweight” rating in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $11.00.

View Our Latest Stock Report on ABR

Arbor Realty Trust Company Profile

(Get Free Report)

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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