Land This Bargain 8.5% Yielder Even Cheaper Than Director Green DidBy Dividend Channel Staff, Wednesday, February 16, 1:16 PM ETThere's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 26, Arbor Realty Trust Inc's Director, William C. Green, invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Arbor Realty Trust Inc (NYSE:ABR) and achieve a cost basis 6.6% cheaper than Green, with shares changing hands as low as $16.93 per share. Arbor Realty Trust Inc shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of ABR shares, versus its 200 day moving average:
Looking at the chart above, ABR's low point in its 52 week range is $14.82 per share, with $20.74 as the 52 week high point — that compares with a last trade of $16.96. By comparison, below is a table showing the prices at which ABR insider buying was recorded over the last six months:
The current annualized dividend paid by Arbor Realty Trust Inc is $1.44/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/12/2021. Below is a long-term dividend history chart for ABR, which can be of good help in judging whether the most recent dividend with approx. 8.5% annualized yield is likely to continue.
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