Arbor Realty Trust, Inc. (NYSE:ABR) Short Interest Down 6.4% in November

Arbor Realty Trust, Inc. (NYSE:ABR) was the target of a large decline in short interest in the month of 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 trading volume, of 2,410,000 shares, the days-to-cover ratio is currently 23.9 days.

Insider Activity

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $14.17 per share, with a total value 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. This trade represents a 3.04 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Large investors have recently made changes to their positions in the stock. Edgestream Partners L.P. purchased a new stake in shares of Arbor Realty Trust in the third quarter valued at approximately $1,443,000. Pathstone Holdings LLC grew its position in Arbor Realty Trust by 42.0% in the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after acquiring an additional 39,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Arbor Realty Trust by 52.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock worth $4,535,000 after acquiring an additional 100,055 shares during the period. Intech Investment Management LLC purchased a new position in Arbor Realty Trust in the third quarter worth approximately $820,000. Finally, SG Americas Securities LLC grew its position in Arbor Realty Trust by 74.9% in the third quarter. SG Americas Securities LLC now owns 93,265 shares of the real estate investment trust’s stock worth $1,451,000 after acquiring an additional 39,928 shares during the period. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Arbor Realty Trust Price Performance

Shares of Arbor Realty Trust stock traded down $0.04 during mid-day trading on Monday, reaching $14.41. 1,626,346 shares of the stock traded hands, compared to its average volume of 3,673,174. The business has a 50-day moving average of $14.87 and a 200 day moving average of $14.29. Arbor Realty Trust has a fifty-two week low of $11.92 and a fifty-two week high of $16.35. The stock has a market capitalization of $2.72 billion, a PE ratio of 10.67 and a beta of 2.03. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.43 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.94%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

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.