Arbor Realty Trust (NYSE:ABR) Hits New 1-Year Low – Here’s What Happened

Shares of Arbor Realty Trust (NYSE:ABR) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.99 and last traded at $5.01, with a volume of 732291 shares. The stock had previously closed at $5.16.

Wall Street Analysts Forecast Growth

ABR has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Arbor Realty Trust in a research note on Friday, May 22nd. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Citizens Jmp lowered their price target on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research report on Thursday, May 14th. Keefe, Bruyette & Woods reduced their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $8.00.

Arbor Realty Trust Trading Down 2.4%

The company has a quick ratio of 428.41, a current ratio of 428.41 and a debt-to-equity ratio of 2.71. The company has a market cap of $968.54 million, a P/E ratio of 12.91 and a beta of 1.14. The business has a 50-day moving average price of $6.62 and a two-hundred day moving average price of $7.49.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. The business had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. On average, analysts predict that Arbor Realty Trust will post 0.38 EPS for the current year.

Arbor Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.17 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 13.5%. Arbor Realty Trust’s dividend payout ratio (DPR) is 174.36%.

Insider Activity at Arbor Realty Trust

In other news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $6.87, for a total value of $52,795.95. Following the completion of the sale, the insider directly owned 59,638 shares of the company’s stock, valued at $409,713.06. This represents a 11.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Arbor Realty Trust by 1.4% in the 4th quarter. State Street Corp now owns 7,469,100 shares of the real estate investment trust’s stock valued at $57,960,000 after buying an additional 101,730 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Arbor Realty Trust by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 4,651,016 shares of the real estate investment trust’s stock worth $36,098,000 after acquiring an additional 78,068 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Arbor Realty Trust by 19.2% in the third quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after purchasing an additional 654,583 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Arbor Realty Trust by 296.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock worth $29,765,000 after purchasing an additional 2,869,132 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Arbor Realty Trust by 2.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,100,538 shares of the real estate investment trust’s stock worth $24,060,000 after purchasing an additional 60,979 shares during the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.