William C. Green, a director at Arbor Realty Trust Inc. (NYSE:ABR), has acquired a total of 5,269 shares of the company's common stock, according to a recent SEC filing. The transactions, which took place on December 5, 2024, were executed at prices ranging from $14.16 to $14.17 per share, amounting to a total investment of $74,661. The purchase comes as the $2.93 billion market cap REIT maintains its impressive 12.29% dividend yield, having raised its dividend for 13 consecutive years. Following these purchases, Green now holds 178,797 shares directly. Arbor Realty Trust, a real estate investment trust based in Uniondale, New York, continues to see insider activity as Green increases his stake in the company. According to InvestingPro, the company maintains a GOOD financial health score and trades near its Fair Value, with 8 additional exclusive insights available to subscribers. The stock has delivered a solid 20.37% return over the past year, trading at a P/E ratio of 10.53.
In other recent news, Arbor Realty Trust reported a strong third quarter, navigating market challenges successfully. The company's distributable earnings reached a robust $88 million, or $0.43 per share, and a return on equity of approximately 14%. The firm also noted a decrease in delinquencies and a promising pipeline for future growth. Arbor Realty Trust modified $1.2 billion in loans, reducing delinquencies by 30% to just over $700 million. The company's single-family rental and construction lending businesses showed significant growth, with $240 million in funding and $375 million in commitments, respectively. Arbor anticipates Q4 loan origination volumes between $1.2 billion and $1.5 billion. Despite market challenges, the company expects to continue executing its business plan and generating strong returns. Management remains confident in sustaining the current $0.43 dividend. These are among the recent developments for Arbor Realty Trust.
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