Arbor Realty Trust, Inc. (NYSE:ABR) Sees Large Decrease in Short Interest

Arbor Realty Trust, Inc. (NYSE:ABR) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 57,670,000 shares, a decrease of 6.4% from the November 15th total of 61,640,000 shares. Based on an average daily trading volume, of 2,410,000 shares, the short-interest ratio is presently 23.9 days.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $14.23 on Wednesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The firm has a market capitalization of $2.68 billion, a PE ratio of 10.54 and a beta of 2.03. Arbor Realty Trust has a 1-year low of $11.92 and a 1-year high of $16.35. The business’s fifty day moving average price is $14.86 and its two-hundred day moving average price is $14.29.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.09%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s payout ratio is 127.41%.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the acquisition, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its holdings in Arbor Realty Trust by 21.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 146,061 shares of the real estate investment trust’s stock valued at $2,096,000 after acquiring an additional 26,260 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Arbor Realty Trust by 34.5% in the second quarter. Nisa Investment Advisors LLC now owns 91,388 shares of the real estate investment trust’s stock worth $1,311,000 after purchasing an additional 23,429 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in Arbor Realty Trust by 3.2% during the second quarter. SeaCrest Wealth Management LLC now owns 67,025 shares of the real estate investment trust’s stock worth $962,000 after purchasing an additional 2,052 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Arbor Realty Trust by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock valued at $1,360,000 after purchasing an additional 1,400 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Arbor Realty Trust by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock worth $20,399,000 after purchasing an additional 43,165 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

ABR has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. JMP Securities upped their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. Finally, Raymond James upped their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.25.

About 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.