Arbor Realty Trust (NYSE:ABR) Hits New 12-Month Low – Time to Sell?

Shares of Arbor Realty Trust (NYSE:ABR) hit a new 52-week low during trading on Tuesday. The stock traded as low as $3.40 and last traded at $3.4760, with a volume of 8133725 shares trading hands. The stock had previously closed at $3.56.

Wall Street Analysts Forecast Growth

ABR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a research note on Monday, August 3rd. Piper Sandler lowered their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings downgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $5.50 in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $6.00.

Arbor Realty Trust Trading Down 7.3%

The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The company has a 50-day simple moving average of $4.73 and a 200 day simple moving average of $5.69. The company has a market capitalization of $603.52 million, a P/E ratio of 46.21 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $117.83 million during the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. Sell-side analysts expect that Arbor Realty Trust will post 0.23 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 21.0%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio is presently 971.43%.

Insider Buying and Selling

In related news, Director William Green purchased 25,951 shares of Arbor Realty Trust stock in a transaction on Monday, August 31st. The stock was purchased at an average cost of $5.07 per share, with a total value of $131,571.57. Following the acquisition, the director directly owned 231,369 shares in the company, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ABR. Bessemer Group Inc. bought a new stake in shares of Arbor Realty Trust in the first quarter valued at about $29,000. Public Employees Retirement System of Ohio bought a new position in Arbor Realty Trust during the second quarter valued at about $49,000. North Star Investment Management Corp. acquired a new position in Arbor Realty Trust in the 1st quarter valued at approximately $54,000. Gables Capital Management Inc. acquired a new position in Arbor Realty Trust in the 2nd quarter valued at approximately $59,000. Finally, HighTower Advisors LLC bought a new stake in shares of Arbor Realty Trust in the 2nd quarter worth approximately $60,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.