Arbor Realty Trust (NYSE:ABR) Sees Unusually-High Trading Volume

Arbor Realty Trust, Inc. (NYSE:ABR) shares saw strong trading volume on Friday . 17,308,845 shares were traded during trading, an increase of 308% from the previous session’s volume of 4,241,168 shares.The stock last traded at $13.04 and had previously closed at $15.53.

Analysts Set New Price Targets

ABR has been the topic of a number of research reports. JMP Securities decreased their price objective on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a report on Thursday, June 20th. Wedbush reiterated a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a research note on Monday, May 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. cut their price target on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Arbor Realty Trust currently has an average rating of “Hold” and an average target price of $14.67.

Arbor Realty Trust Stock Performance

The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.63 and a current ratio of 36.63. The company has a market cap of $2.43 billion, a P/E ratio of 8.01 and a beta of 2.03. The stock’s fifty day moving average price is $13.95 and its two-hundred day moving average price is $13.59.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 13.34%. The ex-dividend date was Thursday, May 16th. Arbor Realty Trust’s payout ratio is presently 106.83%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its stake in shares of Arbor Realty Trust by 4.4% in the 2nd quarter. QRG Capital Management Inc. now owns 198,491 shares of the real estate investment trust’s stock valued at $2,848,000 after acquiring an additional 8,332 shares during the last quarter. Arden Trust Co raised its position in Arbor Realty Trust by 99.4% in the second quarter. Arden Trust Co now owns 79,381 shares of the real estate investment trust’s stock valued at $1,139,000 after purchasing an additional 39,573 shares during the last quarter. Astoria Portfolio Advisors LLC. boosted its stake in shares of Arbor Realty Trust by 6.0% during the second quarter. Astoria Portfolio Advisors LLC. now owns 57,937 shares of the real estate investment trust’s stock valued at $831,000 after purchasing an additional 3,279 shares in the last quarter. First Financial Bank Trust Division bought a new stake in shares of Arbor Realty Trust during the second quarter worth about $520,000. Finally, Cetera Advisors LLC increased its stake in shares of Arbor Realty Trust by 21.1% in the first quarter. Cetera Advisors LLC now owns 19,204 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 3,342 shares during the period. Institutional investors 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.